You use $5,000 of your own money to start a dog-walking business. During the first year you earn a 5% return on your investment. If the current interest rate on savings is 8%, you earn an economic profit of
A. -$150.
B. $150.
C. $250.
D. $400.
Answer: A
Economics
You might also like to view...
Co-pay is a fixed amount that the insured person must pay each time he or she uses health care.
Answer the following statement true (T) or false (F)
Economics
The consumption function assumes that
What will be an ideal response?
Economics
The North American Free Trade Agreement (NAFTA) is an example of a(n)
A. customs union. B. free-trade area. C. common market. D. economic union.
Economics
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Economics