The present value of $300,000 in 12 years at 4 percent interest is approximately:
A. $312,451.
B. $187,379.
C. $427,126.
D. None of these statements is true.
B. $187,379.
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An American citizen works for a U.S.-owned architectural firm located in Mexico. This architect will contribute toward:
A. U.S. GDP since he's a U.S. citizen. B. U.S. GDP since he's working for a U.S. firm. C. Mexico's GDP since he's working in Mexico. D. both Mexico's and U.S. GDP.
If two indifference curves cross, all points on both curves would yield an equal level of utility, which would violate the "more is better" property
a. True b. False Indicate whether the statement is true or false
If there is a shortage of farm laborers, we would expect
a. the wage of farm laborers to increase. b. the wage of farm laborers to decrease. c. the price of farm commodities to decrease. d. a decrease in the demand for substitutes for farm labor.
What is the distinction between foreign direct investment and foreign portfolio investment?