$500 invested at an annual interest rate of 8 percent will be worth how much at the end of one year?
A. $504.
B. $508.
C. $540.
D. $580.
C. $540.
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New England Company plans to build a power plant on the Charles River. By using river water to cool its plant, the river's water temperature will rise enough that trout will no longer survive, much to the dismay of local fishers. The loss of value to the fishers is estimated as $100,000. The transactions costs of a side payment from either side to the other are prohibitive of any agreement. Therefore, if the property right to the water is worth
a. more than $100,000 to New England Company, who gets the right would not matter. b. more than $100,000 to New England Company, efficiency dictates giving the right to the fishers. c. more that $100,000 to New England Company, efficiency dictates giving the right to New England Company. d. less than $100,000 to New England Company, efficiency dictates giving the right to New England Company.
The federal government receives most of its revenue from personal income taxes and payroll taxes.
Answer the following statement true (T) or false (F)
Refer to Figure 4.7. You will receive a payoff of +5 points if you ask for points and so do ________ of your classmates
A) 3 B) 5 C) 7 D) both A and B
An increase in the price of a good normally increases the
a. demand for its substitutes b. supply of complements for the good c. purchasing power of consumers' dollar incomes d. money income of the consumer e. quantity demanded of all goods that are unrelated to the good in question