At an interest rate of 6%, how much will need to be invested today to have $10,000 in 5 years?
A) $5,000
B) $7,473
C) $10,000
D) $13,382
B
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Prospect theory implies that individuals are risk loving over losses and risk averse over gains.
Answer the following statement true (T) or false (F)
Which of the following is not a common property?
A) a city park B) a main street C) a public beach D) a movie screening
A good that provides external benefits to society has:
a. too few resources devoted to its production. b. too many resources devoted to its production. c. the optimal resources devoted to its production. d. not provided profits to producers of the good.
If a country's population grows at the same rate as its real GDP, then real per capita GDP:
a. grows at an increasing rate. b. grows at a constant rate. c. doesn't change. d. decreases at a decreasing rate. e. decreases at a constant rate.