Compound interest describes increases in value when interest is paid, or compounded, on:
A. Only the original amount invested
B. Only the previously accumulated interest payments
C. The original amount invested and previously accumulated interest payments
D. The original amount invested minus any previously accumulated interest payments
C. The original amount invested and previously accumulated interest payments
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Along a straight line, the value of y is always equal to the value of x. The slope of the line is
A) -1. B) 0. C) 1. D) infinite.
When the price level falls the quantity of
a. consumption goods demanded rises, while the quantity of net exports demanded falls. b. consumption goods demanded and the quantity of net exports demanded both rise. c. consumption goods demanded and the quantity of net exports demanded both fall. d. consumption goods demanded falls, while the quantity of net exports demand rises.
If import restrictions prohibit foreigners from selling various goods and services in the U.S. market,
A) the U.S. will be able to export more goods abroad. B) the U.S. will be able to produce more output than would be otherwise the case. C) foreigners will have fewer U.S. dollars with which to buy U.S. goods and services. D) the domestic producers in the protected industries will supply goods to U.S. consumers at lower prices than would be otherwise the case.
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.