Refer to Scenario 15.1. If the interest rate falls,
A) the present value of this contract will fall.
B) the present value of this contract will be unaffected.
C) the present value of this contract will rise.
D) Jacob will be paid less than $10 million each year.
E) Jacob will be paid more than $10 million each year as he can invest the money.
C
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Bracket creep forces taxpayers to pay a larger percentage of their income in taxes when which of the following occurs?
(a) The emergence of high unemployment (b) Inflation (c) Deflation (d) The growth of trade deficit(s)
Currently major telecommunications companies are more insulated from competition than they were in the times leading up to passage of the Telecommunications Act of 1996
Indicate whether the statement is true or false
The European Monetary Union was formed in 1992 to explore issues regarding currency union under the ________ treaty.
A) Versailles B) Paris C) Berlin D) Maastricht
Price ceilings and price floors:
A. make the rationing function of markets more efficient. B. interfere with the allocation function of prices. C. cause surpluses and shortages in markets respectively. D. cause demand and supply curves to shift thus having no effect on the rationing function of prices.