What is the present value of $1,000 one year from now at an interest rate of 5%?
A. $952.4
B. $1050
C. $50
D. $950
Answer: A
Economics
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Refer to the figure below. 
In the figure, a business cycle peak is shown by which point(s)?
A. D only B. A and C and E C. E only D. B and D
Economics
Because warranties are potentially ________, low-quality goods are ________ to have warranties
A) very expensive; less likely B) inexpensive; less likely C) very expensive; more likely D) inexpensive; more likely
Economics
Consider a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX. Compute the surplus producers receive when an $8 per unit price floor is imposed on the market.
A. $3. B. $1. C. $5. D. $2.
Economics
Economists assume that people are motivated by
A. altruism. B. greed. C. rational self-interest. D. benevolence.
Economics