Eli Whitney is most noted for
a. inventing the steam engine.
b. inventing the cotton gin.
c. inventing the technology for the first railroad engine.
d. developing the Erie Canal.
b. inventing the cotton gin.
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Refer to Exhibit 10-3. When disposable income equals $2,300, saving equals
a. -$20. b. -$10. c. 0. d. $10. e. $20.
If the interest rate is 10%, then $1 today is worth how much one year from now?
A) $1.10 B) $1.00 C) $0.91 D) $0.90
Small differences in economic growth rates translate into significant differences in living standards
a. True b. False Indicate whether the statement is true or false
If Tim insures his car against theft, it will
A. have no effect on the likelihood that his car will be stolen. B. decrease his incentive to prevent his car from being stolen. C. decrease the likelihood that his car will be stolen. D. increase his incentive to prevent his car from being stolen.