What is the present value of? $100 two years from now at an interest rate of? 6%?

When two firms in an industry become one firm, they are engaged in:

A. a trust agreement. B. a merger. C. predatory pricing. D. None of these.

One key assumption behind the policy irrelevance proposition is that

A. prices are "sticky" upward. B. markets are not purely competitive. C. wages are "sticky" downward. D. the rational expectations hypothesis holds.

A poorly functioning government can do which of the following to an economy?

A. lead to corruption B. waste society's resources C. destroy incentives D. all of the above

It is necessary to ration a good whenever ________ exists.

A. a surplus B. excess supply C. excess demand D. market equilibrium