Taking a course in computer repair will increase an individual's yearly income by $10,000 per year, starting the year after the course is completed. After three years, the skills learned will be obsolete. What is the present value of taking the course if the interest rate is 8 percent (0.08) per year?
a. $1,248.29
b. $10,356.65
c. $25,770.97
d. $30,000.00
e. none of the above
C
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Total planned expenditures for domestically produced goods and services consist of
A) consumer spending, business spending, government spending, and net export spending. B) consumer spending, business spending, government spending, and import spending. C) consumer spending, business spending, and net export spending only D) government spending, business spending, and import spending only.
The above figure illustrates the market for electric power that is served by the one utility in Alberta, Canada
a. If the government did not regulate this utility, what would be the price of a kilowatt hour in this region and how much power would be generated? b. If the government regulates the utility and chooses an average cost pricing rule, what would be the price of a kilowatt hour and how much power would be generated? c. If the government regulates the utility and chooses a marginal cost pricing rule, what would be the price of a kilowatt hour and how much power would be generated?
How is the quantity theory of money different from the quantity equation, and why must the quantity equation always be true?
What will be an ideal response?
The vicious circle of poverty refers to a condition where:
a. c and d. b. c and e. c. people are poor because they cannot invest in capital goods and they cannot invest in capital goods because they are poor. d. people cannot invest in capital goods because they are poor and they are poor because they cannot invest in capital goods. e. poverty is relative and poor people remain poor because the wealthy grow wealthier.