The price of ________ consumption in terms of ________ consumption is ________
A) future; current; 1/(1 + r)
B) present; future; 1/(1 + r)
C) future; current; r
D) present; future; r
E) future; current; 1 + r
A
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Which type of exchange rate system minimizes external shocks to an economy?
What will be an ideal response?
The opportunity cost of attending a concert would include:
a. the price you paid for the ticket and the value of your time. b. the price you paid for the ticket, but not the value of your time. c. the value of your time, but not the price you paid for the ticket. d. neither the price of the ticket nor the value of your time.
When a firm operates under conditions of monopoly, its price is
a. not constrained. b. constrained by marginal cost. c. constrained by demand. d. constrained only by its social agenda.
What factors explain why high-skilled workers are paid more than low-skilled workers?
What will be an ideal response?