Anything owed by a person or a firm is
A) an asset.
B) a liability.
C) wealth.
D) owner's yield.
Answer: B
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The ____ method assumes that the cash flows over the life of the project are reinvested at the ____
a. net present value; computed internal rate of return b. internal rate of return; firm's cost of capital c. net present value; firm's cost of capital d. net present value; risk-free rate of return e. none of the above
The most important characteristic of the equilibrium price is that it: a. guarantees that producers earn profit. b. clears the market
c. increases the quantity demanded. d. decreases the quantity demanded.
In which of the following cases was the inflation rate 12 percent over the last year?
a. One year ago the price index had a value of 110 and now it has a value of 120. b. One year ago the price index had a value of 120 and now it has a value of 132. c. One year ago the price index had a value of 134 and now it has a value of 150. d. One year ago the price index had a value of 145 and now it has a value of 163.
Which of the following is determined in the goods market?
A) the equilibrium interest rate B) money demand C) income D) money supply