An investor in an index fund earning 12.3 percent per year would see an investment of $10,000 increase to approximately ____ in 25 years.
A. $11,000
B. $48,000
C. $54,000
D. $170,000
Answer: D
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When the Fed acts as a "lender of last resort," like it did in the financial crisis of 2007-2008, it is performing its role of
A. providing for check clearing and collection. B. being the bankers' bank. C. controlling the money supply. D. setting the reserve requirements.
Suppose that Tracy and Pat start a business. Because of a series of bad decisions by Tracy, the company goes bankrupt, owing a total of $50,000. Tracy is penniless and Pat is a millionaire
If the company were organized as a partnership, Pat would be responsible for A) over $1 million of debt. B) $50,000 of debt. C) $25,000 of debt. D) $0 of debt.
Output and inflation movements can arise from either demand or supply shifts. How can we tell them apart?
What will be an ideal response?
Refer to the table below. When the consumer purchases the utility-maximizing combination of product X and product Y, total utility will be:
Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4 and the price of product Y is $2. The income of the consumer is $20.
A. 72
B. 84
C. 136
D. 156