How much will a car, which currently sells for $30,000, cost in 10 years if the inflation rate is 5% per year, and car makers are able to increase prices with the inflation rate (rounded to nearest dollar)
a. $45,000
b. $45,500
c. $48,314
d. $38,403
e. $48,867
.E
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Suppose that an industry has a Herfindahl-Hirschman index of 2,000 . Two firms have proposed a merger. Firm A has a current market share of 9 percent. Firm B has a market share of 5 percent
Will the Justice Department challenge the merger? Explain.
A major difference between the Federal Reserve System and foreign central banks is that the
a. Fed is considered part of our government while central banks in other countries are not part of the government b. Fed is completely independent of government influence while central banks in other countries are under government influence c. Fed deals with less money than its foreign counterparts d. U.S. does not have a single central bank like its foreign counterparts e. purpose of the Fed is to make a profit while other countries' central banks exist to serve the public
A person 16 years or older who does not work and does not look for work is officially classified as:
A. unemployed. B. employed. C. out of the labor force. D. chronically unemployed.
Demand curves are derived while holding constant
A. income, tastes, and the prices of other goods. B. only tastes and the prices of other goods. C. income, tastes, and the price of the good. D. only income and tastes.