Author Question: When David Palmisano won the Powerball, he could choose between getting annual installments or ... (Read 44 times)

Charlie · **on:** Jun 30, 2018

When David Palmisano won the Powerball, he could choose between getting annual installments or taking a lump sum. An economist suggested that David think about
a. marginal product
b. the present value of an income stream
c. marginal disutility
d. the present value of a payment only one year hence
e. the demand for labor

Question 2

If the U.S. demand for British pounds increases,
a. the dollar price of a British pound will increase
b. the dollar price of a British pound will decrease
c. the exchange rate between dollars and pounds will be out of equilibrium
d. the pound will fall in value against the dollar
e. there will be no change in either the value of the dollar or the pound