The expected real cost of using a unit of capital over a given period of time is known as ________
A) the real rate of interest
B) the nominal rate of interest
C) depreciation
D) the user cost of capital
D
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The formula for an infinite sum is
A) 1 + b + b2 + b3 + b4 + ... = b / (1 - b). B) 1 + b + b2 + b3 + b4 + ... = 1 / (1 - b). C) 1 + b + b2 + b3 + b4 + ... = 1 / b. D) 1 + b + b2 + b3 + b4 + ... = 1 / (1 + b).
A utility-maximizing consumer who is considering two goods, x and y, would allocate her budget in such a way that
a. MUx = MUy b. MUx > MUy c. MUx/Px > MUy/Py d. MUx/Px = MUy/Py e. MUx/Px < MUy/Py
If a country's net exports fall, then its net capital outflow falls by the same amount
a. True b. False Indicate whether the statement is true or false
Long-term trends for private employer-sponsored insurance indicate that:
a. enrollment in the staff-model HMO is becoming more popular. b. there is a resurgence in the popularity of traditional indemnity insurance coverage. c. the continued popularity of the preferred provider organization is reflected by the fact that it is still the fastest growing form of insurance. d. almost one-third of private sector employees covered by group plans are enrolled in some form of high-deductible health plan. e. the high-deductible health plan (HDHP) is now the most popular form of insurance for private sector employees covered by group plans.