Refer to Scenario 8-1. The value added of CANOES-R-US for each canoe equals
A) $1,200. B) $800. C) $500. D) $400.
C
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If you want to know the present value of $10,000 received a year from today, and the interest rate is 4 percent, what formula can you use?
A) Present value equals $10,000 times 0.04. B) Present value equals 1.04 divided by $10,000. C) Present value equals $10,000 divided by 1.04 D) Present value equals $10,000 times 1.04.
At a given price level, anything that changes the amount of total purchases in the economy will cause the aggregate demand curve to shift
a. True b. False Indicate whether the statement is true or false
In the used car market, there is perfect information when the seller knows that the car overheats after 30 minutes, but the buyer does not.
Answer the following statement true (T) or false (F)
In the ________, the tax receipts from today's workers are used to pay benefits to retired and disabled workers and their dependents today.
A. public assistance (welfare) program B. Social Security system C. Medicare and Medicaid programs D. unemployment insurance program