Four years ago Ollie deposited some money into an account. He earned 5 percent interest on this account and now it has a balance of $303.88 . About how much money did Ollie deposit into his account when he opened it?
a. $210
b. $220
c. $240
d. $250
d
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The advantages that arise from economies of scale make entry difficult for new firms. As a result, monopolies and oligopolies are often associated with __________ and ___________
a. b and e b. low costs; high prices c. low costs; low prices d. antitrust; laissez-faire e. competition; high prices
The employment/population ratio _____ between 1980 and 2000, but this ratio has _______ since 2000 . (fill in the blanks)
a. fell; risen b. was virtually constant; risen c. rose; been virtually constant d. rose; fallen
Why do/should we care that federal expenditures are becoming an increasingly larger portion of GDP?
What will be an ideal response?
The portion of income that is not immediately spent on consumption of goods and services is:
A. investment. B. loanable funds. C. consumption spending. D. savings.