Present value is:
A. how much a certain amount of money that will be obtained in the future is worth today.
B. how much a certain amount of money that you have in the present will be worth in the future.
C. the process of accumulation of additional interest paid on interest that has already been earned.
D. how much a certain amount of money needs to be discounted to be meaningful.
A. how much a certain amount of money that will be obtained in the future is worth today.
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In the figure above, the segment of the curve showing where the income effect outweighs the substitution effect is
A) 0a. B) bd. C) 0c. D) cd.
If net exports are positive
A) net foreign investment is also positive. B) net foreign investment is negative. C) capital inflows must be greater than capital outflows. D) Both A and B are correct.
The United States does not use subsidies as part of its policies
Indicate whether the statement is true or false
Which of the following would not violate the Sherman Antitrust Act if the rule of reason was used to interpret the act?
a. conspiring to monopolize b. formation of a trust company c. conspiring to restrain trade d. a single firm supplying all of a market with no close substitutes and some barriers to entry e. attempting to restrain trade with a foreign nation