With a nominal interest rate of 10% per year, the present discounted value of $200 to be received in two years is
A) $82.64.
B) $90.91.
C) $165.29.
D) $181.82.
E) $220.00.
C
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_____ refers to an enforceable set of promises to take certain actions over the future
a. A bond b. A contract c. A capitation fee d. A collusion
In the markets for goods and services in the circular-flow diagram, households are buyers and firms are sellers
a. True b. False Indicate whether the statement is true or false
Whether studying the output of the U.S. economy or how many classes a student will take, a unifying concept is that:
A. both wants and resources are unlimited, so trade-offs are unnecessary. B. wants are unlimited and resources are scarce, so trade-offs have to be made. C. wants are limited and resources are unlimited, so trade-offs are unnecessary. D. wants are limited and resources are unlimited, so trade-offs have to be made.
Pricing goods below cost to drive an industry in another country out of business is called ______.
Fill in the blank(s) with the appropriate word(s).