Present value is best defined as the:
A. worth or value today of future expected returns or costs.
B. worth in the future of a current flow of returns or costs.
C. current worth of a financial asset purchased in the past.
D. expected future value of a financial asset purchased today.
A. worth or value today of future expected returns or costs.
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Which is not a cause of the deterioration of the strength of labor?
a. the rise of the service sector b. regional shifts in manufacturing c. foreign industrial competition d. a high rate of immigration of unskilled workers who tend to fear taking part in union activities. e. All of the above are correct.
The unemployment rate is the percentage of the civilian labor force that is unemployed but actively seeking work
a. True b. False Indicate whether the statement is true or false
When one uses the expenditure approach to calculate Gross Domestic Product (GDP), which of the following would be included?
A. government spending at the state level B. inventory investment C. household purchases of legal services D. all of these
A firm faces competitive markets for its inputs and its output. Its marginal revenue product of labor
A) is increasing in the output price. B) is decreasing in the output price. C) is independent of the output price. D) has an inverted U-shape.