Present value is

A. the nominal value instead of the real value of something.
B. the value of a dollar received a year from now, expressed in terms of its future value.
C. the inverse of the interest rate.
D. the value of a future amount expressed in today's dollars.


Answer: D

Economics

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For endangered species, the federal government

A. has the right to regulate activities on private land to save the species from extinction. B. will capture a pair of animals so that the species does not become extinct. C. can only protect the animal on federal property because of common property issues. D. turns over the protection of an endangered species to the state authorities where the species lives.

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When the economy goes into a recession and firms require less labor, managers tend to:

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Economics