The present value of a dollar rises as
A. the interest rate declines and the number of years you wait for your money declines.
B. the interest rate rises and the number of years you wait for your money rises.
C. the interest rate declines and the number of years you wait for your money rises.
D. the interest rate rises and the number of years you wait for your money declines.
A. the interest rate declines and the number of years you wait for your money declines.
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For most low-wage earners
A) the substitution effect of a wage rate increase is likely to equal the income effect. B) the opportunity cost of leisure is high. C) the income effect of a wage rate increase is likely to be larger than the substitution effect. D) the substitution effect of a wage rate increase is likely to be larger than the income effect.
Using a graph, show a market equilibrium. Suppose the costs of inputs increase. How is this shown on the graph? Explain what is happening in the market
What will be an ideal response?
Suppose a basket of internationally traded goods that sells for $10,000 in the United States sells for €8,000 in the euro zone. According to purchasing power parity theory, the equilibrium exchange rate should be
a. $2.50 per euro b. $1.50 per euro c. $1.25 per euro d. $1.00 per euro e. $.50 per euro
Richards has filed quarterly reports to the SEC based on information supplied by management. A potential concern of such reliance is which of the following?
a. Privity only b. Liability to 3rd parties. c. Liability to foreseen 3rd parties only. d. Liability to reasonably foreseen 3rd parties only.