If you put $250 into an account with a 4 percent interest rate, how many years would you have to wait to have $432.92?
a. 10
b. 14
c. 17
d. 20
b
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The new classical school of thought is usually associated with the theory of rational expectations
a. True b. False Indicate whether the statement is true or false
When the price of an input _____, a firm's least-cost production method never uses ______ of that input and usually employs _____.
A. increases; less; the same amount B. increases; less; more C. decreases; more; less D. decreases; less; more
Which of the following is associated with microeconomics?
a) The country's unemployment rate. b) A specific U.S. industry's sales figures. c) The economy's rate of growth. d) An economy's overall output level.
If a firm in a perfectly competitive industry raises its price above market price,
A. sales will drop to zero. B. demand curves will become downward sloping. C. total revenue for the firm will increase. D. profit will increase.