If you were going to evaluate the how much money you would need to pay on a loan, which Excel function would help you calculate it?
A. PMT
B. Profit
C. Sum
D. Invest
Answer: A
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The labor theory of value
A) is what economists believe determines prices today. B) says that wages must always be greater than prices. C) says that the price of a good is determined by the amount of labor required to produce it. D) All of the above.
A special interest group has a good chance of redistributing (transferring) income from others to itself if the
A) costs of the transfer are spread over a very large number of people. B) costs of the transfer are spread over a very small number of people. C) costs of the transfer are spread over the same number of people that comprise the special interest group. D) the number of members in the special interest group is greater than 100. E) none of the above
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by
A. more than 30. B. exactly 60. C. fewer than 30. D. exactly 30.
Fully anticipated monetary policy actions cannot alter either the rate of unemployment or the level of real GDP. This statement is
A) the nonaccelerating inflation rate of unemployment theory. B) discretionary policy making. C) the policy irrelevance proposition. D) the Phillips curve.