Imagine that someone offers you $X today or $1,500 in 5 years. If the interest rate is 4 percent, then you would prefer to take the $X today if and only if
a. X > 1,055.56.
b. X > 1,120.89.
c. X > 1,232.89.
d. X > 1,338.26.
c
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The argument that ________ receives strong support from the innovative policy response to the recent financial crisis
A) rules can be too rigid B) discretionary policies are vulnerable to the time-inconsistency problem C) money is the sole source of fluctuations in aggregate demand D) changes in policies can change the coefficients in macroeconometric models
Which English colony was the first permanent settlement in America?
a. Roanoke b. Plymouth c. Jamestown d. Mexico e. Quebec
In situations where businesses who choose to discriminate because they are prejudiced are few in an industry, discrimination:
A. will be eliminated by the competitive market. B. will persist because customers will not give them patronage. C. will persist in an efficient market. D. None of these is true.
If regulators required firms in monopolistically competitive markets to set price equal to marginal cost,
a. firms would most likely experience economic losses. b. firms would also operate at their efficient scale. c. new firms would likely to enter the market. d. the most efficient firms would not likely to be affected.