Which of the following is NOT an example of technological progress?
A. builders constructing a new office building that uses less energy
B. an increase in Florida's orange crop resulting from a mild winter
C. the invention of wireless internet access
D. the development of bluetooth headsets
Answer: B
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What factors do some who promote the profitability of elaborate trading strategies leave out?
A) the effect of trading costs and taxes B) the difficulty of calculating the return on investment C) ignoring the effect of dividends D) not accounting for both capital gains and dividends
The best guess is that the cross elasticity between Rolaids and Tums, the two leading antacids in the country, is
a. negative b. positive c. zero d. one e. infinite
With regard to capital budgeting decisions, when the initial cash investment is compared against the present value of cash returns from the next best alternative, it is referred to as
a. opportunity cost b. rate of return c. internal rate of return d. discounted payback rule e. net present value
Suppose you win a small lottery and you are given the following choice: You can (1) receive an immediate payment of $10,000 or (2) three annual payments, each in the amount of $3,600, with the first payment coming one year from now, the second two years from now, and the third three years from now. You would choose to take the three annual payments if the interest rate is
a. 2 percent, but not if the interest rate is 3 percent. b. 3 percent, but not if the interest rate is 4 percent. c. 4 percent, but not if the interest rate is 5 percent. d. 5 percent, but not if the interest rate is 6 percent.