Suppose an individual can earn 3 percent interest on an annual term deposit. His opportunity cost of holding $100,000 in cash instead of investing in the term deposit will be:
a. $3,300
b. $330.
c. $1,000.
d. $6,000.
e. $3,000.
e
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As recessions begin, income
a. and unemployment both fall. b. falls and unemployment rises. c. and unemployment both rise. d. rises and unemployment falls.
Your best friend calls and gives you the latest stock market "hot tip" that he heard at the health club. Should you act on this information? Why or why not?
What will be an ideal response?
Between 1995 and 1998, Federal tax revenues from ________ increased sharply
A) the personal income tax B) the corporate profits tax C) social insurance taxes D) all of the above
Which part of this definition for GDP is incorrect? GDP measures the:
a. Market value of, b. All final and intermediate goods and services, c. Produced, d. By domestically owned or foreign-owned resources, e. Over a given period of time.