The present value of $475 received 3 years in the future would be calculated as which of the following when the interest rate is 6 percent?
A) 475 × 1.6 × 3 B) 475/(1.6)3 C) 475/(1.06)3 D) 3.06/475
C
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Referring to a production possibilities curve and the goods being compared, depict the economic event. Computerization in the 1990s launched thousands of new businesses in the United States (capital goods vs. consumer goods).
A. A movement from a point inside the curve to a point on the curve B. A movement from a point on the curve to a point inside the curve C. A shift in the entire curve to the right (outward) D. A shift in the entire curve to the left (inward)
Given the information above, the demand is
a. unitary. b. indeterminate. c. elastic. d. inelastic.
Barter is the direct exchange of goods and services for: a. any kind of money
b. other goods and services. c. either goods or money. d. commodity money. e. foreign currency.
Which of the following is true of high and variable rates of inflation
What will be an ideal response?