You won the "$1,000 per year forever" lottery. You decided to convert such prize into a lump sum payment. The interest rate is 2% per year. How much is this lump sum payment?
A) $25,000
B) $1,000
C) $50,000
D) $365,000
C
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What is an injunction?
What will be an ideal response?
A $1000 face value coupon bond with a $60 coupon payment every year has a coupon rate of
A) .6 percent. B) 5 percent. C) 6 percent. D) 10 percent.
A price discriminating monopsonist could increase its profits by
a. paying the minimum wages possible. b. hiring as little capital as possible. c. paying lower wages to workers with inelastic supply of labor curves than to workers with elastic curves. d. paying lower wages to workers with elastic supply of labor curves than to workers with inelastic curves.
An economy's resources:
a. are limited in quantity. b. are always efficiently utilized. c. consist of land, labor, capital, and money. d. are unrelated to its standard of living. e. are unlimited when we use the latest technology.