Each member of the Board of Governors is appointed for a nonrenewable ________ term.
A. 14-year
B. 7-year
C. 12-year
D. 4-year
Answer: A
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If the interest rate is 4 percent, how much interest would the retiree earn the first year if she opted for the lump sum payment, and chose to invest the entire payment at this interest rate?
A) $1,400 B) $20,000 C) $55,000 D) $235,000
Joy is training to become a chef. The skills she is obtaining from her training and education will increase Joy's ________
A) human capital B) physical capital C) entrepreneurship D) None of the above answers are correct.
Which of the following is a characteristic of the core?
a. The core is the set of all allocations that cannot be blocked. b. The core is the set of all allocations where the value realized by the members of the coalition are same as what they can realize individually form the core. c. Cores are broken when one or more participants withdraw from the coalition. d. Any allocation that makes even one of the parties to the transaction better off is in the core.
A period of time in which the overall pace of business activity is falling is known as
A. an expansion. B. deflation. C. inflation. D. a contraction.