Suppose that Adam and Sam each invest $5,000 in the same stock this year. Adam invests directly and earns 5% a year. Sam uses a retirement fund that charges an administrative fee and earns 4.75%. After 30 years, how much more money will Adam have than Sam?
a. $2,883.12
b. $2,526.78
c. $3,167.45
d. $3,044.62
a. $2,883.12
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A single-price monopoly charges the same price
A) even if the demand curve shifts. B) even if its cost curves shift. C) to all customers for each unit of output they buy. D) at all times, and that price equals the firm's marginal revenue.
Frictional unemployment is
A) related to job search difficulties for potential workers. B) a result of a poor match of worker's abilities and skills with current requirements of employers. C) a result of business recessions that occur when aggregate demand is insufficient to create full employment. D) a result of the seasonal pattern of work in specific industries.
Refer to the information provided in Figure 27.2 below to answer the question(s) that follow.
Figure 27.2Refer to Figure 27.2. Planned investment would experience the least amount of crowding out when the aggregate demand curve shifts from
A. AD1 to AD2. B. AD3 to AD4. C. AD5 to AD6. D. The amount of crowding out is the same for all AD curve shifts shown in the figure.
The imposition of a quota ________ domestic production, ________ imports, and ________ domestic purchases
A) decreases; increases; decreases B) increases; decreases; increases C) increases; decreases; decreases D) decreases; decreases; decreases E) increases; increases; increases