What is the horizontal intercept of the budget line, given that M = $1,000, PX = $50, and PY = $40?
A. 20.0
B. 2000.0
C. 11.11
D. 25.0
Answer: A
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If i is the yield to maturity of a fixed-payment loan,
A) the value of the loan today equals i times the sum of the values of all the loan payments. B) i equals the present value of the loan payments. C) the value of the loan today equals the sum of the values of the loan payments. D) the value of the loan today equals the present value of the loan payments discounted at rate i.
What percentage of African Americans are uninsured?
A. 80 B. 3 C. 37 D. 21
The big-push approach to economic development requires little government intervention
Indicate whether the statement is true or false
An increase in the demand for a good refers to a shift in the
a. demand curve to the left b. demand curve to the right c. quantity demanded to the right d. quantity demanded to the left e. price of the good