If the market interest rate is 5 percent, the opportunity cost of 100 worth of present consumption
a. is 105 today
b. is 105 next year
c. is 5 today
d. is 5 next year
e. cannot be determined unless we know the consumer's rate of time preference
Question 2
Which of the following would be represented as a debit in the U.S. balance of payments?
a. U.S. purchase of cars from Italy
b. U.S. sale of beef to Israel
c. U.S. government receives transfers from foreign governments to support U.S. expenses incurred in Europe
d. U.S. residents receive gifts of money from friends abroad
e. income received by U.S. resident from overseas investment
A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ...
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
The level of future emissions is closely linked to the rate of population growth
Some of the Alleles present at white locus
A company that makes cell phones has the following cost structure. They have fixed costs of ...
Earth Present