There is a technological advance in the production of digital watches. This will cause:
A. demand to increase.
B. supply to increase.
C. the price to increase.
D. supply to decrease.
Answer: B
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Countries are concerned about small changes in their average annual growth rates in per capita income because
A) growth rates are a factor in U.N. participation. B) the power of compounding means small changes have large effects over time. C) growth rates tend to decline over time. D) the faster a country grows today, the less it will be able to consume in the future.
If the present value of an individual's savings account is $52,354, what is its future value in 3 years if the account earns an annual interest rate of 8 percent?
A) $66,580.89 B) $66,320.48 C) $65,950.96 D) $64,589.13
If you want to vote for the management of the corporation, you should buy
A) common stock. B) preferred stock. C) bonds. D) either common stock or preferred stock.
Prior to 1980, thrift institutions in the United States were allowed to offer checking accounts
a. True b. False Indicate whether the statement is true or false