Refer to the above table. You have a choice among four alternatives. Choice A lets you invest $250,000 at 4 percent; B lets you invest $125,000 at 6 percent; C lets you invest $62,500 at 8 percent, and D lets you invest $31,250 at 10 percent. Which choice will get you to $1 million faster?
A. A
B. B
C. C
D. D
Answer: A
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The figure above shows the market for brooms. If the market is efficient,
A) 0 brooms are produced. B) 600 brooms are produced. C) more than 1000 brooms are produced. D) between 0 and 600 brooms are produced. E) between 600 and 1000 brooms are produced.
Which of the following is most likely to be overconsumed?
A. Free water B. Tap water C. Sparkling water D. Bottled water
Which set of events would most likely increase aggregate demand?
A. An increase in incomes in foreign nations and a depreciation of the dollar. B. A decrease in incomes in foreign nations and an appreciation of the dollar. C. A decrease in incomes in foreign nations and a depreciation of the dollar. D. An increase in incomes in foreign nations and an appreciation of the dollar.
What are the five steps by which economists arrive at a useful economic model?
What will be an ideal response?