If a country passes a labor law limiting the number of hours of work per week, GDP would ________ and leisure would ________
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
A
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St. Mary's Church has a balloon payment of $100,000 due on its mortgage in two years. If the interest rate is 8 percent, the present value of St. Mary's balloon mortgage payment is
A) $100,000.00. B) $116,640.00. C) $85, 733.88. D) None of the above answers is correct.
In the events of the housing bubble collapsing, once the housing prices stopped increasing refinancing:
A. was no longer an option, and a wave of foreclosures occurred. B. no longer allowed people to borrow cash on the new value of their home, and spending slowed. C. became less popular, and people's consumption overall dropped. D. became more popular, and people's consumption accelerated overall.
The richest American is ______.
Fill in the blank(s) with the appropriate word(s).
A business can escape perfect competition by building a better, more innovative product.
Answer the following statement true (T) or false (F)