In using the Internal Rate of Return approach, one must first calculate the discount rate on the investment that makes
A) the net present value equal zero.
B) the interest rate equal zero.
C) the interest rate equal the discount rate.
D) the first year's return positive.
A
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The IS curve
A) is horizontal. B) is vertical. C) slopes downward. D) slopes upward.
Farmers who joined the Greenback Party in the late-19th century felt that
a. the government should make efforts to curb the inflation that the country was experiencing. b. farm prices were too high in comparison to the overall price-level of the economy. c. the government should own all transportation and communication facilities. d. an increase in the money supply would benefit debtors.
According to Alfred Marshall, small firms produce a good more efficiently than a monopoly
Indicate whether the statement is true or false
A country is likely to have a comparative advantage in a capital-intensive activity if it has a:
A. higher amount of labor relative to its population. B. higher opportunity cost of producing technology. C. large amount of capital relative to its landmass. D. lot of land relative to its population.