The present discounted value of a stream of future income increases as the interest rate decreases.
Answer the following statement true (T) or false (F)
True
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Consumer surplus occurs whenever the consumer pays a price
a. equal to marginal revenue. b. less than the consumer is willing to pay. c. less than marginal cost. d. equal to or less than average total cost.
Which of the following would is included as Investment Spending in aggregate demand?
A. Sandra finances her business from the sale of $200,000 of treasury securities. B. Marco buys a new building off the Santa Monica coast for his startup. C. Maria purchases $100,000 of foreign bonds. D. Allen sells the old truck he used for transporting goods.
The largest item in the government's poverty program is
a. cash aid b. medical benefits c. food stamps d. housing benefits e. jobs and training programs
If all the world's resources were to magically increase one hundredfold, then:
A. economics would no longer be relevant. B. people would still have to make trade-offs. C. scarcity would disappear. D. trade-offs would become unnecessary.