Which of the following is closest to the future value of a $100 deposit earning 5 percent interest annually after 5 years?
A. $1,268
B. $128
C. $105
D. $125
Answer: B
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The above figure depicts the market for video games. If the government imposed a $3 per game tax on sellers, what would be tax revenue?
A) less than $18 B) $18 C) more than $18 D) More information is needed to determine if the tax revenue is more than, less than, or equal to $18.
Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse. Why would overfishing occur in this common market?
A) Fishing occurs until marginal cost per boat equals marginal social benefit which is inefficient. B) Fishing occurs until marginal social cost per boat equals marginal social benefit which is inefficient. C) Fishing occurs until marginal cost per boat equals marginal benefit which is inefficient. D) Fishing occurs until marginal social cost per boat equals marginal cost which is inefficient.
List four types of government policies which can aid economic growth
What will be an ideal response?
The producer’s surplus is equal to the difference between how much the seller can charge for a product and how much the consumer is willing to purchase it for.
Answer the following statement true (T) or false (F)