Harry gets $1,000 in currency from his grandfather when he graduates from college. He deposits these funds into his checking account. Considering Harry's personal balance sheet, his assets:
A. And liabilities increased by $1,000 when he deposited the funds into his checking account.
B. increased by $1,000 when he deposited the $1,000 into his checking account.
C. Increased when he received the $1,000 in currency from his grandfather.
D. Increased by $1,000 and his liabilities decreased by $1,000 when he deposited the funds into his checking account.
Answer: C
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Pete's Package Delivery Service currently makes deliveries only within the state, but now decides to expand the scale of its operation by serving the neighboring state as well. It is likely to find
a. total variable costs decline as diminishing returns set in b. total fixed costs decline as more trucks cover a wider area c. total variable costs rise as more fuel and drivers are needed d. the price of hiring a worker falls as more workers are hired e. profits rise as total costs remain constant
Which of the following are considered market failures?
A. Monopoly. B. Externalities. C. The lack of public goods and services. D. All of the choices are considered market failures.
If the annual real rate on a 10-year inflation-protected bond equals 1.9 percent and the annual nominal rate of return on a 10-year bond without inflation protection is 4.4 percent, what average rate of inflation over the ten years would make holders of inflation-protected bonds and holders of bonds without inflation protection equally well off?
A. 6.3 percent B. 2.5 percent C. 1.9 percent D. 4.4 percent
Which of the following expresses 4.85%?
A. 0.485 B. 0.0485 C. 4.850 D. 0.00485