If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in four years?
A) $175,000
B) $125,000
C) $146,000
D) $190,000
Answer: C
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It would be impossible to have an unlevered bank
a. True b. False Indicate whether the statement is true or false
If the variable cost curve is a straight line, then the
A. marginal cost curve may be U-shaped. B. marginal cost curve is upward sloping. C. marginal cost curve will be U-shaped. D. marginal cost curve will be horizontal.
Refer to the accompanying table. According to the table, Pat has the absolute advantage in: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. making pizza. B. delivering pizza. C. neither making nor delivering pizza. D. making and delivering pizza.
Assuming a firm would not survive without protection, what should the government do if the present value of the profits and value added from operating an infant industry firm exceed the deadweight loss of imposing protection?
a. It should impose the tariff—the gains exceed the losses. b. It should not impose the tariff—the losses exceed the gains. c. If it imposes the tariff, it may actually create more problems that cannot be foreseen—do not impose the tariff. d. The government should just ban all imports of that product until the "infant" is able to compete on its own.