If the cost of capital is 5% then the net present value of the investment is
a. $6,020.41
b. $7,380.95
c. -$7,380.95
d. $10,000
a
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Which of these measures the responsiveness of the quantity of one good demanded to an increase in the price of another good?
A) price elasticity. B) income elasticity. C) cross-price elasticity. D) cross substitution elasticity.
The outcomes of different combinations of strategies by two players in a game are indicated in the
a. strategy box b. payoff matrix c. competition matrix d. outcome dilemma e. collusion matrix
An industrial union is a union composed of
A. workers in numerous occupations but working in the same industry. B. workers in manufacturing industries, rather than in the commercial, service, or government sectors. C. workers sharing a similar industrial job. D. high-wage workers.