Write the formula for finding the future value of $1,000 today in 10 years if the interest rate is 4 percent
$100*(1.04)10
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Wage differentials between individuals may be partly explained by: a. differences in education
b. differences in productivity. c. discrimination. d. all of the above.
Which of the following is not considered by economists to be an economic resource?
A. Money. B. Factory workers. C. Computers at a retail store. D. A forest.
In order to avoid the misappropriation of company-owned financial investments, which of the following is the best course of action that can be taken by the management of a company with a large portfolio of financial investments?
A) Require that employees who enter and leave the safekeeping area sign and record in a log the exact reason for their access. B) Require that one trustworthy and bonded employee be responsible for access to the safekeeping area where securities are kept. C) Require that employees involved in the safekeeping function maintain a subsidiary control ledger for securities on a current basis. D) Require that the safekeeping function for securities be assigned to a securities broker who will act as a custodial agent.
If a monopolistically competitive industry is earning short-run profits, new competitors will enter the industry in the long run and compete away those profits.
Answer the following statement true (T) or false (F)