Mr. Clooney inherited a sum of $30,000 in 1990. If the price index for 1990 was 100 and the price index for 2014 is 188, the value of the money he inherited in 2014 dollars is ________
A) $45,200 B) $56,400 C) $38,800 D) $48,000
B
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Suppose that the price of a bag of jellybeans is $6, and the price of a bottle of cola is $2. The relative price of cola is
A) 3 bags of jellybeans per bottle of cola. B) 2 bags of jellybeans per bottle of cola. C) 1/3 bag of jellybeans per bottle of cola. D) $2.
Which Latin American country defaulted on loans in 2005 and paid off their creditors at only 1/3 value?
A) Argentina B) Brazil C) Chile D) Colombia E) Mexico
Free riders consume or enjoy benefits that they do not pay for
Indicate whether the statement is true or false
The typical public assistance grant in the United States
A. leaves the family well below the poverty line. B. leaves the family just below the poverty line. C. puts the family just above the poverty line. D. puts the family well above the poverty line.