Assume that you invest $550 in a certificate of deposit that has an annual interest rate of 4.5 percent. According to the rule of 72, what will your investment be worth after 16 years?
a. $550
b. $3,960
c. $1,100
d. $797.5
e. $1,200
c
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Suppose demand can be described with the equation Q = 900?5P and supply with the equation Q = 100 + 5P. a. Determine the equilibrium price and quantity. b. Determine the surplus or shortage if the price were $100. ?
What will be an ideal response?
Suppose there is a rise in the price level, but no change in the money wage rate. As a result, the quantity of labor demanded
A) increases. B) decreases. C) does not change because there is no change in the real wage rate. D) decreases only if the money wage rate also decreases.
Which of following is an example of a homogeneous product?
A) Gasoline B) Copper C) Personal computers D) Winter parkas E) both A and B
When the government provides a legal framework,
A. Private market transactions suffer and government market transactions benefit. B. Private market transactions benefit and government market transactions benefit. C. Private market transactions suffer and government market transactions suffer. D. None of the choices are correct.