If the interest rate rises, the present discounted value of a stream of payments owed in the future:
a. rises.
b. stays constant.
c. falls.
d. may rise or fall depending on the shape of the stream.
c
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As a manager of an industrywide trade organization, your decisions regarding industrywide advertising are ________ if the participating firms' marginal benefits are similar as there will be ________ disagreement among the firms regarding the amount of the industrywide advertising.
A) easier; less B) harder; less C) easier; more D) harder; more
Consumer loyalty tends to be very low in markets such as cola drinks and tobacco products
a. True b. False Indicate whether the statement is true or false
The total costs of federal regulation
A) encompasses only explicit costs of satisfying regulatory demands. B) also includes the explicit costs associated with regulations issued by 50 different state governments. C) encompasses only opportunity costs of satisfying regulatory demands. D) encompasses both explicit and opportunity costs of satisfying regulatory demands..
John Maynard Keynes was the author of
A. The Communist Manifesto. B. The Wealth of Nations. C. The General Theory of Employment, Interest, and Money. D. Eat the Rich: A Treatise on Economics.