What is the present value of $100 three years from now at an interest rate of 6%?
A) $83.96
B) $82
C) $94.34
D) $119.10
A
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What are some criticisms of the CPI as a measure of inflation?
In the open-economy macroeconomic model, the demand for dollars shifts right if at any given exchange rate
a. foreign residents want to buy more U.S. goods and services. b. U.S. residents want to buy fewer foreign goods and services. c. Both A and B are correct. d. None of the above is correct.
What is the difference between shutting down and exiting a market?
a. Shutting down means to leave temporarily; exiting means to leave permanently. b. Shutting down means to close some operations; exiting means to close all operations. c. Shutting down means to leave permanently; exiting means to leave temporarily. d. Shutting down means to close all operations; exiting means to close some operations.
Diseconomies of scale stem primarily from the difficulties in managing and coordinating a large-scale business enterprise.
a. true b. false