A project is profitable when its internal rate of return is ______ the interest rate.
A. greater than
B. less than
C. equal to
D. less variable
A. greater than
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For a nation's real GDP per capita to rise during a year,
A. population must increase more rapidly than real GDP. B. real GDP must increase more rapidly than population. C. investment spending must increase. D. consumption spending must increase.
In a perfectly competitive market, the average revenue curve of a firm is
A) the same as its total revenue curve. B) the same as its demand curve. C) the same its economic profits. D) the difference between its total revenue curve and its marginal revenue curve.
The Conservation Reserve Program pays farmers to take land out of production. The primary focus of the program is on
A) improving rural landscapes by creating more forested land. B) reducing erosion. C) improving habitat for endangered species. D) maintaining water quality.
In the recession of 2007-2009, the National Bureau of Economic Research's Business Cycle Dating Committee
A. ignored the traditional definition of a recession, marking the beginning in late 2007. B. applied the traditional definition of a recession, marking the beginning in late 2007. C. ignored the traditional definition of a recession, claiming that no recession had in fact occurred. D. applied the traditional definition of a recession, but marking the beginning only in early 2009.