Walmart's prices are ________ national grocery averages.
A. 50% lower than
B. above
C. 15-22% lower than
D. 3-7% lower than
Answer: C
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A nation with a trade surplus will necessarily have saving that is greater than domestic investment
a. True b. False Indicate whether the statement is true or false
Nate collected Social Security payments of $220 a month in 1985 . If the price index rose from 90 to 108 between 1985 and 1986, then his Social Security payments for 1986 should have been
a. $228. b. $238. c. $257. d. $264.
Suppose you win a small lottery and you are given the following choice: You can receive (1) an immediate payment of $10,000 or (2) two annual payments, each in the amount of $5,200, with the first payment coming one year from now, and the second payment coming two years from now. You would choose to take the immediate payment of $10,000 if the interest rate is
a. 2 percent, but not if the interest rate is 1 percent. b. 3 percent, but not if the interest rate is 2 percent. c. 4 percent, but not if the interest rate is 3 percent. d. 5 percent, but not if the interest rate is 4 percent.
Economic historians identify which invention as a major factor that started the Industrial Revolution in Britain?
A. Steam engine B. Automobile C. Telephone D. Electric motor