If the interest rate is 5 percent, the value of $250 today after one year would be
A. $255.00.
B. $262.50.
C. $275.00.
D. $287.50.
Answer: B
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Voters will gather information on voting alternatives: a. when the cost of acquiring such information is exorbitantly high
b. as long as the marginal benefit to them of acquiring additional information exceeds the marginal cost to them. c. as long as the marginal benefit to them of the information is less than the marginal cost to them of gathering the information. d. because the welfare of the community is always perceived to be more important than the welfare of the individual.
Indirect stock ownership means that a person
a. buys stocks through a stockbroker b. puts money into financial intermediaries that buy stocks c. has a friend buy stocks so that the IRS won't know about it d. puts money into a partnership rather than a corporation e. buys bonds instead of stocks when the interest rate is high
Which of the following statements about the gender gap in income is correct?
A. The typical woman in the U.S. earns about 75% as much as the typical man. B. In higher education, women are under-represented in more lucrative majors such as physics and chemistry. C. Gender discrimination against women resulted in an excess supply of female workers in female-dominated occupations. D. All of these