If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in one year?
A) $105,000
B) $110,000
C) $100,000
D) $102,000
Answer: B
You might also like to view...
Assuming that Yd = $20,000 and C = $22,000, we would find that the average propensity to consume would be equal to
A) 0.8. B) 1.8. C) 1.1. D) 0.9.
If at the profit maximizing level of output, the AR curve lies below the ATC curve in the short run, the firm is earning positive economic profit
a. True b. False Indicate whether the statement is true or false
Why would candy companies in the United States dislike the U.S. trade barriers on imported sugar?
a. Barriers decrease the cost of production, making candy less expensive. b. Barriers decrease the cost of production, making candy more expensive. c. Barriers increase the cost of production, making candy more expensive. d. Barriers increase the cost of production, making candy less expensive.
Oligopolistic firms that practice sales revenue maximization will produce
a. more and charge less than a profit maximizer. b. less and charge more than a profit maximizer. c. more and charge more than a profit maximizer. d. less and charge less than a profit maximizer.