If the interest rate is 9 percent, to get back $800 in one year you would need to deposit ________ today.
A. $720.72.
B. $714.29.
C. $733.95.
D. $791.00.
Answer: C
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________ refers to any factor that keeps the market wage above the level that would clear the labor market
A) Wage discrimination B) Price ceiling C) Wage rigidity D) Wage stability
All of the following would be considered a positive addition to household wealth except
A) the equity in one's home. B) the balance in your savings account. C) 500 shares of Google stock. D) a credit card balance.
If all consumers are uninformed about the quality of a product
A) firms can increase product by selling the same product under a different name at a different price. B) firms will not be able to price discriminate. C) firms will price discriminate. D) firms will increase profits by charging different prices for the same product.
Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. Kate decides to play the second game. Her probability of pulling out a green marble is:
A. 10 percent. B. 40 percent. C. 50 percent. D. 75 percent.