According to the search model, Consumer Reports magazine benefits consumers by increasing the marginal benefit of information
a. True
b. False
B
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Part of the increase in currency holdings in the 1960s and 1970s can be attributed to
A) increases in income tax rates. B) the switch from progressive to proportional income taxes. C) the adoption of regressive taxes. D) bracket creep due to inflation and progressive income taxes.
The objective of creating value is the same as
A) maximizing shareholder value. B) maximizing profit. C) maximizing added value. D) all of these choices.
If the interest rate is 8 percent, then the present discounted value of $100 to be received two years from now is closest to
A. $116.00. B. $86.00. C. $96.00. D. $128.00.
In the graph shown above, if market price were $6, there would be
A. a surplus.
B. a shortage.
C. a surplus and a shortage.
D. neither a surplus nor a shortage.