If you want to own $1 million when you retire in 45 years, how much should you put into your retirement fund now, given the interest rate is 3 percent?
A. $264,439.
B. $436,770.
C. $275,389.
D. $250,005.
Answer: A
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Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a $100,000 fee. Your business is broke, and you never wanted the consultants to work for you -- only your partner did. For how much of this debt are you legally liable?
a. none of it b. all of the $100,000 c. the proportion reflected by the proportion of the business owned d. only an amount equal to the assets of the business e. $50,000
Corruption reduces growth most directly because governments invest in projects with low productivity
a. True b. False Indicate whether the statement is true or false
In the above figure, if the union has Q2 members and wants to ensure that all members have jobs, it will set wage equal to
A) W1. B) W2. C) W3. D) none of the above.
The aggregate demand curve slopes downward for the same reason that a microeconomic demand curve slopes downward
a. True b. False