Which of the following equations describes government saving?
A) T - TR - INT - G
B) T - TR - INT + G
C) T - TR + INT - G
D) T - TR + INT + G
A
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The economic system that answers the What, How and For Whom questions using prices determined by the interaction of supply and demand is a:
a. market economy. b. command economy c. soviet economy. d. traditional economy.
Transaction costs reduce the benefit accruing to the parties involved in an exchange. Explain why
The rate of interest at which a project's NPV is exactly zero is called its:
A. equilibrium rate. B. internal rate of return. C. break-even rate. D. zero net rate.
If the going rate of interest were 8 percent and the expected profit rate were 14 percent, then the opportunity cost of a firm carrying out a $100,000 project for one year with its own funds would be
A. 0.
B. $6,000.
C. $8,000.
D. $14,000.