If the annual interest rate is 9%, what would you expect to pay for a bond paying a lump sum of $10,000 in two years?
A) $8,417
B) $8,200
C) $10,000
D) $11,881
A
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Although the efficient quantity to produce of any good is located where marginal social benefit and marginal social cost are equal, there will usually be other quantities where the sum of consumer and producer surplus are greater
Indicate whether the statement is true or false
An economy that has a domestic and a foreign sector is called:
A) a mixed economy. B) an open economy. C) a closed economy. D) a command economy.
If a dominant firm charged a very high price for its product, the firm ________ face scrutiny by the European Union competitive laws and ________ face scrutiny by the United States antitrust agencies.
A) would not necessarily; would B) would; would not necessarily C) would not necessarily; would not necessarily D) would; would
If the government engages in contractionary fiscal policy a likely reason would be:
A. they think the economy is not growing fast enough and they want to speed it up. B. people are not spending enough money and they want to boost spending. C. the economy is operating at a level that is just below full employment. D. they think the economy is growing too quickly and they want to slow it down.