If there were no usury law, the interest rate would be _____%.
A. 12
B. 14
C. 16
D. 18
D. 18
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A key point made by the Gordon-Growth model is that the
A) value of a stock depends on investor's expectations about the future profitability of a firm. B) past trends in a stock's behavior indicate future price trends. C) dividends have little to do with a stock's value. D) risk has little effect on a stock's value.
A shift in the supply curve of bicycles resulting from higher steel prices will lead to
a. higher prices of bicycles. b. lower prices of bicycles. c. a shift in the demand curve for bicycles. d. larger output of bicycles. e. no change in the price of bicycles.
Discounting is the process of
a. cutting prices to get rid of surplus stocks. b. finding the present value of future dollars. c. finding the future value of present dollars. d. giving special concessions to special customers.
Someone wants to open a new restaurant in town. Identify which of the following would be a barrier to entry.
a) None of the available property in town is zoned for business use. b) The price of tablecloths has risen. c) Consumers buy only from businesses they know. d) The town requires all businesses to pay a hefty annual permit fee. e) The town requires new businesses to pay a hefty permit fee.