The dollar amount of a future payment is ________ its present value.
a. exactly the same as
b. approximately the same as
c. less than
d. greater than
d. greater than
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The major categories of expenditures in the economy are:
A) consumption, gross investment, and government purchases. B) consumption, net investment, and net exports. C) consumption, fixed investment, government purchases, and net imports. D) consumption, gross investment, government purchases, and net exports.
A major problem with household data is that:
a. the income of the households vary greatly. b. the households usually vary in their consumption patterns. c. the households usually comprise of only one individual. d. collecting data from the households is highly inconvenient. e. the number of persons per household varies greatly.
The health insurance industry appears to be changing as
A. its revenues are forecast to increase. B. more and more of its customers are likely to be individuals. C. it is increasingly using data to measure cost and quality. D. All of the above
The elasticity of demand for apartments is greatest when
A. local politicians are religious. B. there are other price controls in towns besides on rent. C. there are few neighboring towns/suburbs in which to live. D. there are many neighboring towns/suburbs in which to live.