Complete the following equation:Time Value of Money = ______(1)_________+_____(2)________+_______(3)_______
What will be an ideal response?
1) Compensation for Delayed Consumption2) Compensation for Expected Inflation3) Compensation for Risk
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Answer the question.You currently drive 240 miles per week in a car that gets 16 miles per gallon of gas. You are considering buying a new fuel-efficient car for $13,000 (after trade-in on your current car) that gets 40 miles per gallon. Insurance premiums for the new and old car are $800 and $600 per year, respectively. You anticipate spending $1400 per year on repairs for the old car and having no repairs on the new car. Assume gas costs $3.50 per gallon. Over a five-year period, is it less expensive to keep your old car or buy the new car? By how much?
A. the new car is $1020 less expensive B. the old car is $1190 less expensive C. the new car is $1190 less expensive D. the old car is $1020 less expensive
The consumption function will shift upward when
A) real income increases. B) saving increases. C) the real wealth of the average household increases. D) population decreases.
Provide an appropriate response.Evaluate 
Fill in the blank(s) with the appropriate word(s).
Which theorists championed the idea of self-actualization?
A. Freud and Erikson B. Festinger and Carlsmith C. Rogers and Maslow D. Shields and Yarnell