If you deposit $10,000 in a savings account at an annual interest rate of 6%, how much will you have in the account at the end of three years?
A) $8,396
B) $11,800
C) $11,910
D) $10,600
C
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For which pair of firms would a merger be horizontal?
a. Avis Rentals and United Airlines b. Rawlings and Nike c. Barnes and Noble and Wordsworth Booksellers d. Starbucks and Baskin and Robbins e. Samuel Adams and Samsonite
Which of the following is not correct?
a. Some states in the U.S. mandate minimum wages above the federal level. b. Most European nations have minimum-wage laws. c. The U.S. minimum wage is significantly higher than the minimum wages in France and the United Kingdom. d. The U.S. Congress first instituted a minimum wage with the Fair Labor Standards Act.
Use a saving-investment diagram to explain what happens to saving, investment, and the real interest rate in each of the following scenarios in a closed economy.(a)In an agricultural economy, great weather this year promises a bumper crop next year, leading citizens to expect higher income next year.(b)Government regulations going into effect next year will reduce the marginal product of capital.(c)The government increases lump-sum taxes on citizens.
What will be an ideal response?
The demand for new capital depends on the interest rate.
Answer the following statement true (T) or false (F)