The greater the interest rate
A) the greater the present value of a sum to be received a year in the future.
B) the greater the opportunity cost of another dollar of current consumption.
C) the more a dollar invested today will be worth a year from now.
D) the lower the discount rate.
Answer: B
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Every day, we make many choices. We can't avoid having to make choices because _______.
a. Our wants exceed the resources available to satisfy them.
b. We cant find enough things to do to fill our day
c. There is too much variety
d. There is too much available
e. There are too many TV channels
First degree price discrimination is efficient and therefore preferred by everyone to no price discrimination on the part of a monopolist.
Answer the following statement true (T) or false (F)
In this case, how much of the $5.00 excise tax is paid by the consumer?
Consider the following market for CFC-11, a known ozone-depleting substance: Demand: Q= 20 – 1.5P Supply: Q= 5+0.5P whereP is price per pound. Assume the governmental authority imposes a $5 per pound excise tax on CFC-11, which shifts the supply function to Q’ = 2.5 +0.5P.Use this information for any or all of the next three questions below. a. $3.75 b. $2.25 c. $5.00 d. $1.25 e. none of the above
Which of the following operate under a fixed-rate unified currency system?
a. the 12 countries of the European Monetary Union b. the 50 states of the United States c. Hong Kong, Panama, and the United States d. all of the above