If you were going to evaluate the wisdom of an investment made now that created a stream of profits in the future, which Excel function would help you calculate it?
A. Sum
B. Invest
C. PV
D. Profit
Answer: C
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A movement along the consumption function shows the change in consumption expenditure as a result of a change in
A) disposable income. B) the interest rate. C) net taxes. D) the price level. E) saving.
The aggregate demand curve shows total expenditures at different levels of national income
Indicate whether the statement is true or false
Studies of human decision making reveal several systematic mistakes people make. Which of the following is not an example of one of these mistakes?
a. Tom tells everyone he's sure he can run a 5K in twenty-five minutes, but then tries a couple of times and takes over thirty minutes. b. Kate hears a news report about five people dying from a tornado in Kansas and decides to cancel her plans to visit her aunt there. c. Randi is a strong proponent of raising the minimum wage. She reads a research report on the effects of increasing the minimum wage and begins to doubt her previous thinking. d. Jenny is shopping for a new car and has found that Hondota cars consistently get high quality ratings. Her friend had trouble with her Hondota, so Jenny decides not to purchase a Hondota.
Economic analysis assumes "purposeful behavior", which means that people will pursue decisions or actions:
A. That will increase their well-being B. Always based on full or complete information C. With minimal consideration for their emotions D. Without any logical faults