Billy is considering the purchase of a rental house. The house costs $240,000 and it will generate annual revenues of $15,000 and annual expenses of $3,000. What is the internal rate of return of this investment?
A) 5%
B) 7.5%
C) 3.75%
D) 24%
A
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If a product is a normal good, an increase in your income will
A) increase demand for the product. B) decrease demand for the product. C) increase supply of the product. D) decrease supply of the product.
What was the Federal Trade Commission (FTC), established in 1914, created to enforce?
(a) U.S. foreign trade (b) The maritime code (c) The Interstate Commerce Act (d) The antitrust laws
When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is _______, so the quantity of money demanded will be _______.
A. Low; low B. Low; high C. High; low
The exchange rate between yen and dollars at one point in 2010 was 83 yen per dollar. If a Big Mac, fries, and a Coke cost $3.91 in San Francisco, how much should the same order cost in yen in Osaka?
A. 0.03 B. 325 C. 392 D. 422