Compounding refers to
A) the calculation of interest rates after the compounding effect of taxes has been allowed for.
B) the paying back of both interest and principal during the life of a fixed payment loan.
C) the process of earning interest on both the interest and the principal of an investment.
D) the increased value of an investment that arises from the payment of periodic interest.
C
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Which of the following best describes the impact of immigration on complementary resources?
A. The lower wage rate resulting from immigration reduces production costs, creating a business-income effect that increases the demand for complementary resources B. The lower wage rate resulting from immigration reduces production costs, creating an output effect that decreases the demand for complementary resources C. The higher wage rate resulting from immigration increases production costs, creating an output effect that increases the demand for complementary resources D. The lower wage rate resulting from immigration reduces production costs, creating an output effect that increases the demand for complementary resources
Which of the following are TRUE regarding the argument that trade barriers protect U.S. workers from cheap foreign labor? I. Low-wage foreigners are just as productive as U.S. workers. II. U.S. workers have a comparative advantage in low-wage jobs
A) I only B) II only C) I and II D) Neither I nor II is correct.
Which of the following is NOT a step involved in using checks?
A) The recipient must take the check to the bank. B) The bank must present the check to the checkwriter's bank. C) The funds must be transferred from the checkwriter's bank to the recipient's bank. D) The funds must be transferred from the recipient's bank to the checkwriter's bank.
The FDIC
a. insures most bank deposits for up to $250,000. b. eliminates the need for bank depositors to run to their bank when they hear bad news about the bank. c. has been credited with reducing the number of bank failures since 1933. d. All of the above are correct.