What matters to people is the face value of money or income.
Answer the following statement true (T) or false (F)
False
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Suppose that you have saved $100 . You can spend it today or you can put it in your savings account for a year and earn 5% interest. What is the opportunity cost of spending the money today?
What will be an ideal response?
In 2007, the public debt was
a. roughly $500 million b. nearly $1 trillion c. nearly $3 trillion d. $9 trillion e. over $25 trillion
When the Social Security Administration holds U.S. Treasury Bonds
A. there is a balanced budget. B. interagency borrowing has occurred and the government owes itself. C. an entitlement has occurred. D. the gross public debt has increased.
Consider the market for cable television in the figure above. This graph depicts a natural monopoly because the
A) marginal cost curve is constant. B) demand curve is downward sloping. C) average cost curve is declining as it crosses the demand curve. D) marginal revenue curve is downward sloping.