An investment is profitable as long as its internal rate of return is equal to the rate of interest
Indicate whether the statement is true or false
False. Such an investment has a profit of zero. The investment is profitable if the internal rate of return exceeds the interest rate.
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From 1929 to 1932, the total value of the stock market:
A. more than tripled. B. decreased by nearly 90 percent. C. more than quadrupled. D. stayed the same.
When a nation imposes a blanket standard on imports, it refers to policies that:
A. impose standards imposed on all imports. B. impose standards on specific countries. C. restrict the importation of specific goods. D. All of these are true.
Inflation was the nation's number-one economic worry during
A. the 1920s. B. the late 1950s. C. the early 1960s. D. the 1970s.
According to the Keynesian model, the economy will be in equilibrium when
a. the growth of the money supply is constant over time. b. planned leakages equal planned injections. c. the government’s budget is balanced. d. the labor force is fully employed.