Which of the following changes would decrease the present value of a future payment?
a. an increase in the size of the payment
b. an increase in the time until the payment is made
c. a decrease in the interest rate
d. All of the above are correct.
b
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Jan is attending college and studying to be an investment broker. To improve her chances of employment following college, she has interned at a top brokerage firm during the last two summers. Jan's internship has increased her
A) natural labor. B) human capital. C) consumption services. D) natural resources. E) entrepreneurship capital.
Dina is driving to work on an interstate highway at 90 MPH, well in excess of the legal speed of 65 MPH. Sandy is also driving to work at the same time, going 85 MPH. A state trooper pulls Dina over and gives her a speeding ticket. Sandy continues driving, but if Dina had not been speeding, the trooper would have ticketed Sandy instead. In terms of externalities, this story shows that:
a. Sandy's actions gave Dina a positive externality. b. Dina's actions gave Sandy a positive externality. c. Sandy's actions gave Dina a negative externality. d. Dina's actions gave Sandy a negative externality. e. Dina's and Sandy's actions did not create any externalities.
Most voters choose not to be informed about political and governmental issues because they are not smart enough to really understand the issues
Indicate whether the statement is true or false
Industry A has four firms. The largest firm in Industry A has more than 90 percent of the market share. Industry B also has four firms, but each of those four firms in Industry B has 25 percent of the market share. The Herfindahl-Hirschman index will be
A) the same for both industries, but the four-firm concentration will be larger for Industry B than Industry A. B) the same for both industries, but the four-firm concentration will be larger for Industry A than Industry B. C) larger for Industry B than Industry A, but the four-firm concentration will be the same. D) larger for Industry A than Industry B, but the four-firm concentration will be the same.