Refer to the scenario above. What is the future value of Wendy's deposit after one year?
A) $2,110
B) $2,120
C) $2,360
D) $2,400
B
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Falling growth rates during the 2007-2009 recession occurred:
A. only in the United States. B. in the United States and Canada, but not in Germany, the United Kingdom, or Japan. C. only in the high-tech sectors of the U.S. economy. D. in the United States, Canada, Germany, the United Kingdom, and Japan.
Protecting intellectual property rights:
A. always benefits society. B. never benefits society. C. rarely affects society overall. D. is hotly debated as to whether it benefits or costs society overall.
Your classmates from the University of Chicago are planning to go to Miami for spring break, and you are undecided about whether you should go with them. The round-trip airfare is $600, but you have a frequent-flyer coupon worth $500 that you could use to pay part of the airfare. All other costs for the vacation are exactly $900. The most you would be willing to pay for the trip is $1,400. Your only alternative use for your frequent-flyer coupon is for your trip to Atlanta two weeks after the break to attend your sister's graduation, which your parents are forcing you to attend. The Chicago-Atlanta round-trip airfare is $450. Should you use the frequent flyer coupon to go to Miami?
A. No, because there are no benefits in the trip. B. Yes, your benefit is more than your cost. C. No, your benefit is less than your cost. D. Yes, your benefit is equal to your cost.
The market for microcomputers (PCs) is fairly competitive and the products are somewhat homogeneous. Over time, new firms have entered the market to make profit on new configurations of the microcomputer, and profits
A. have become razor thin for many producers. B. have stayed the same for most firms. C. have not influenced the decisions of the firms D. have risen dramatically.