If the interest rate is positive, the present value of $10 to be received in the future is
a. less than $10.
b. equal to $10.
c. more than $10.
d. Any of the above is possible, depending on the interest rate and when the payment is to be received.
a
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After the Great Depression of the 1930s and particularly since World War II until the 1970s, the ideas of the __________ school became conventional wisdom
a. classical b. Keynesian c. monetarism d. supply-side e. rational expectations
Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.
Refer to the graph below for the event-ticket market. A scalpers' market will exist if the event organizers set the official ticket price at:
The graph below shows the market for tickets to a "Final Four" sports event. Assume that there is only one kind of ticket to the event.
A. $50
B. $20
C. $40
D. $60
List the various arguments against free trade
What will be an ideal response?