Why is a dollar today more valuable than a dollar a year from now?
A) The unknown future is riskier than the known present.
B) The dollar today can be immediately used to buy something.
C) A dollar a year from now will likely have less purchasing power because of inflation.
D) all of the above
D
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Aristotle writes, "What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others.". In this statement, Aristotle is referring to the free-rider problem that occurs when a person receives the benefit of a good without paying for it
a. True b. False Indicate whether the statement is true or false
When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy. B. contractionary monetary and fiscal policies. C. expansionary monetary and fiscal policies. D. a contractionary monetary policy and an expansionary fiscal policy.
In what ways, if any, do the demand schedules for a purely competitive firm and a pure monopolist differ? What significance does this have for the price-output behavior of each?
What will be an ideal response?
In the presence of asymmetric information, a contingent contract
A) achieves production efficiency. B) can lead to opportunistic behavior on the part of the agent. C) is impossible to write. D) will result in the principal earning all of the profit.