If you deposit $500 in a savings account at an annual interest rate of 5%, how much will you have in the account at the end of five years?
A) $625
B) $392
C) $638
D) $550
C
You might also like to view...
The figure above shows the market for a good with an external benefit. When 6 units are produced, marginal social benefit equals ________ and marginal external benefit equals ________
A) $200; $150 B) $350; $200 C) $200; $50 D) $350; $150 E) $150; $250
The Coase theorem proves that externalities will be neutralized by bargaining
Indicate whether the statement is true or false
In a perfectly competitive labor market, the wage rate paid by the individual firm is
A) the equilibrium market wage rate. B) dependent on the demand for the product. C) below the equilibrium market wage rate. D) a function of the tax system.
In a supply-and-demand model of a labor market, which of the following should move toward an equilibrium wage and quantity?
a. cyclical unemployment b. the labor market c. the macro economy d. sticky downward wages