The net present value of an investment represents
a. an index of the desirability of the investment
b. the expected contribution of that investment to the goal of shareholder wealth maximization
c. the rate of return expected from the investment
d. a and b only
e. a and c only
b
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When one country "dumps" some of its products in another country, it
A) increases the aggregate level of employment in the importing country, thereby depressing that nation's market wages. B) also exports new technology to the importing nation and thereby indirectly boosts the importing nation's real GDP. C) sells its products abroad at a price lower than the price in the home market or lower than the cost of production. D) also exports pollution-causing technologies and thereby creates environmental hazards in the receiving country.
Which of the following is a government program that provides monthly debit cards to poor people to purchase food?
a. SNAP b. WIC c. TANF d. EITC
Refer to Figure 1.7. This economy will achieve efficiency in production at
A. Point J only. B. Point G only. C. Points D, G, and J. D. Point D only.
Refer to the data provided in Table 17.5 below to answer the following question(s). The table shows the relationship between income and utility for Lucy. Table 17.5 IncomeTotal Utility $00$10,00010$20,00020$30,00030$40,00040Refer to Table 17.5. Lucy earns $20,000 annually. She has the opportunity to bet her entire salary on the upcoming super bowl. If Lucy takes the bet, she will pick the Packers. She believes that the Packers have a 50-50 chance of winning the game. If the Packers win, then Lucy will win $38,000. However, if they lose she loses her entire salary ($0). Will Lucy take the bet?
A. yes B. no C. maybe D. indeterminate from the given information