Lower interest rates
A. Reflect a lower opportunity cost of money.
B. Reflect a higher opportunity cost of money.
C. Raise the future value of current dollars.
D. Lower the present value of future payments.
Answer: A
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The "law of demand" means that the demand for any scarce good
A) is completely elastic. B) cannot be completely inelastic. C) must be inelastic. D) is only a short-run demand. E) cannot be elastic.
Moving upward along the short-run aggregate supply curve results in a ________ in the price level and ________ in real GDP
A) rise; an increase B) rise; a decrease C) fall; an increase D) fall; a decrease
Developing countries have identified which key issues as important to them in current trade talks?
What will be an ideal response?
Refer to the table below. If the senior manager learns that either a Good or Fair market will exist when the drug is introduced to the market, which drug should the senior manager not pursue?
The senior manager of Rx Pharmaceuticals needs to decide which of three drugs the company should consider developing. The estimated profit for each of the drugs differs depending on the market conditions when the respective drugs are introduced to the market. The above table summarizes the estimated profit for each drug under each of the three market conditions; Good, Fair, and Poor.
A) Drug X
B) Drug Z
C) Drug Y
D) all of the drugs