Which of the following is not inversely related to per capita income?
A. Mortality rates for children under five years of age.
B. Adult illiteracy rates.
C. Per capita energy consumption.
D. Population growth rates.
C. Per capita energy consumption.
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Refer to the scenario above. If Frank discounts delayed utilities with a weight of 9/10, then which of the following statements is true?
A) He will eat both hotdogs and ice cream. B) He will eat hotdogs but avoid ice cream. C) He will eat ice cream but avoid hotdogs. D) He will avoid consuming both hotdogs and ice cream.
A checking account balance in a commercial bank is
A. an asset readily usable for most transactions. B. part of the currency supply. C. not liquid enough to be considered money. D. a time deposit.
A firm in a perfectly competitive industry is producing 50 units, its profit-maximizing quantity. Industry price is $2, total fixed costs are $25, and total variable costs are $40. The firm's economic profit is
A. $15. B. $30. C. $35. D. $60.
On January 1, 2010, a homeowner borrowed $5,000 for a term of six months to complete some home improvements, paying an annual interest rate of 8 percent. How much principal and interest will the homeowner pay back on July 1, 2010?
A. $2,500 B. $2,900 C. $5,200 D. $5,400