A perpetuity is selling for $20,000 when the interest rate is 6%. What must the expected annual payment be?
a. $600.
b. $1,200.
c. $3,333.
d. $6,000.
b. $1,200.
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What would be an example of a consumption service?
A) Jake buys an iPhone. B) The local driver's license office purchases a new digital camera and printer. C) Rhianna gets a haircut. D) Donald Trump purchases furniture for his office. E) Antonio, the manager of the local Taco Hut, purchases a new deep fryer.
The increased willingness of women to enter the workforce has most likely lead to
a. an increase in labor demand, higher real wages, and a lower price level. b. an increase in labor supply, higher real wages, and a lower price level. c. an increase in labor supply, higher real wages, and a higher price level. d. a decrease in labor demand, lower real wages, and no effect on the price level. e. none of the above.
Daily Output of Russia and Panama?RussiaPanamaGloves 40240Hats120180
Refer to Table 18.1. Mutually beneficial terms of trade between Russia and Panama would be:
A. 1 hat for 2 gloves. B. 1 glove for 6 hats. C. 5 gloves for 3 hats. D. 1 hat for 1 glove.
As the inventory of a firm falls
A. its social capital increases. B. its tangible capital decreases. C. its intangible capital decreases. D. there is no change in its capital.