If you place $100 in a bank account that pays 6% at the end of each year, and you leave your $100 and all your interest in the bank, how much will you have in the bank at the end of 7 years with annual compounding?
A) (106)7
B) 7 ? (106)
C) 100 ? (1.60)7
D) 100 ? (1.06)7
D
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Rolls Royce may actually sell fewer cars at lower prices due to the "snob effect."
a. True b. False Indicate whether the statement is true or false
Double counting includes counting value of what types of goods?
a. Intermediate and Final b. Intermediate and investment goods c. Intermediate and capital goods d. Double counting does not include the counting of any goods only services.
Stan Laurel and Oliver Hardy acted separately in comedy shorts for the Hal Roach Studio for over a decade without greatly distinguishing themselves from hundreds of other screen comedians. Then in 1927, Roach writer-director Leo McCarey tried them out as a comedy team in one more routine short. Only then was the fantastic chemistry between "the fiddle and the bow" realized. The rest is
immortality. This story relates to the "new growth theory" idea of A) employee involvement. B) rearranging. C) exogeneity. D) objects and ideas.
Classical economics was based upon the belief that
A. government intervention was essential for economic stability. B. aggregate demand (or aggregate expenditures) was the principal force controlling income and employment. C. a redistribution of wealth from the rich to the poor was necessary to prevent the evolution of a welfare state. D. full employment was the natural state of the economy and that government should not interfere with the private market forces of supply and demand.