You have a choice among three options. Option 1: receive $900 immediately. Option 2: receive $1,200 one year from now. Option 3: receive $2,000 five years from now. The interest rate is 15 percent. Rank these three options from highest present value to lowest present value
a. Option 1; Option 2; Option 3
b. Option 3; Option 2; Option 1
c. Option 2; Option 3; Option 1
d. Option 3; Option 1; Option 2
c
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Command-and-control means of regulation achieve their results more slowly but more reliably
Indicate whether the statement is true or false
Education makes workers aware of the latest production techniques and more receptive to new approaches and methods
a. True b. False Indicate whether the statement is true or false
Which term is used to describe equilibrium at a level of output above potential GDP?
a. Recessionary gap b. Inflationary gap c. Deflationary gap d. Keynesian gap
Fifteen years ago, China _________________ with the countries of Europe. Today, China ______________________ most European countries
A) traded a great deal; is not a trading partner with B) traded a great deal; is rarely a trading partner for C) did not trade much; is one of the top five trading partners for D) did not trade much; is rarely a trading partner for