In present value, if 140 delayed utils are only worth 70 utils now, the discount weight must be equal to ________
A) 1/2
B) 1/8
C) 1
D) 2
A
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What type of business is the easiest to set up?
A) corporation B) sole proprietorship C) partnership D) There is no difference in the ease of establishment.
Effective protection will be greater if, all else equal,
a. imported inputs are a small percentage of the final product b. tariffs on imported inputs are high c. tariffs on the final product are low d. quotas are added to tariffs on imported inputs e. none of the above
For an economy, aggregate demand equals:
a. consumption plus investment plus government spending plus exports. b. consumption plus investment plus government spending plus (exports minus imports). c. consumption plus investment plus (taxes minus transfers) plus (exports minus imports). d. consumption plus investment plus government spending plus net exports (imports minus exports).
According to the law of demand, during a given period of time, the quantity of a good demanded
A. Does not change when price changes. B. Increases as its price falls, ceteris paribus. C. Decreases as its price falls, ceteris paribus. D. Increases as its price rises, ceteris paribus.