Refer to Table 1-2. What is Thuy Anh's marginal benefit if she decides to stay open for an extra three hours instead of two hours?
A) $0 B) $20 C) $25 D) $45 E) $70
C
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Logrolling creates a political market and campaign donations are the medium of exchange
a. True b. False
Jerry wishes to retire in 5 years with $1 million in his bank account
If the account pays 4% and his current balance is $500,000, how much must he deposit at the beginning of each of the next five years for his wish to come true? The amount must be the same each year.
An individual who suffers from money illusion will
A) feel that a doubling of prices and income improves his economic position. B) concentrate on relative prices. C) never be fooled by the impact of price changes on the purchasing power of income. D) try to use counterfeit money.
Which of the following is a store of value?
a. cash and stocks b. cash but not stocks c. stocks but not cash d. neither cash nor stocks