Nate collected Social Security payments of $220 a month in 1985 . If the price index rose from 90 to 108 between 1985 and 1986, then his Social Security payments for 1986 should have been
a. $228.
b. $238.
c. $257.
d. $264.
d
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What additional complexities arise when multinational corporations consider capital projects on a global basis?
What will be an ideal response?
The Matching Pennies game is an example of a:
A) constant-sum game. B) nonconstant sum game. C) game with an equilibrium in dominant strategies. D) none of the above
The theory that there are no predictable trends in securities prices that can be used to "get rich quick" is the
A) dartboard theory. B) random walk theory. C) Wall Street theory. D) inefficient market hypothesis.
Imagine Tom's annual salary as an assistant store manager is $30,000, he owns a building that rents for $10,000 yearly, and his financial assets generate $1,000 per year in interest. One day, after deciding to be his own boss, he quits his job, evicts his tenants, and uses his financial assets to establish a bicycle repair shop. To run the business, he outlays $15,000 in cash to cover all the costs involved with running the business, and earns revenues of $50,000. What are Tom's accounting profits?
A. $50,000 B. $24,000 C. $35,000 D. $6,000