In 2010, about what percentage of the world's land area was forested?
A. 10 percent
B. 30 percent
C. 50 percent
D. 75 percent
B. 30 percent
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The velocity of circulation is defined as the
A) average number of times in a year that each dollar is used to buy goods and services. B) price level obtained when the money market is at its equilibrium. C) quantity of money demanded at equilibrium. D) speed with which changes in the interest rate spread throughout the economy. E) quantity of money supplied by the Fed.
Mike owns a car worth $20,000, and that is his only wealth. There is a 10 percent chance that Mike will have an accident within a year. If he does have an accident, his car is worthless. What is Mike's expected wealth?
What will be an ideal response?
The level of an economic activity should be increased to the point where
a. Marginal benefits equal to zero b. Marginal costs of the investment are less than marginal benefits of the investment c. Marginal benefits are greater than marginal costs d. Marginal costs are equal to marginal benefits
You have made an investment of $250 that will yield a profit of $30 in one year. If the interest rate is 11.5%, what is your internal rate of return?
A. 10.7% B. 11.8% C. 12.0% D. 12.2%