The future value of a deposit in a savings account will be smaller
a. the longer a person waits to withdraw the funds.
b. the lower the interest rate is.
c. the larger the initial deposit is.
d. All of the above are correct.
b
Economics
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In a competitive market, the quantity of a product produced and the price of the product are determined by
a. a single buyer. b. a single seller. c. one buyer and one seller working together. d. all buyers and all sellers.
Economics
If the opportunity cost of producing a good domestically exceeds the opportunity cost of purchasing it on the world market, a country can gain by
A. decreasing production and increasing imports. B. increasing production and decreasing imports. C. decreasing production and increasing exports. D. increasing production and decreasing exports.
Economics