What is the present value of $10,000 to be received after one year, if the current annual rate of interest is 6%?

Suppose that Google announces that its profits for the third quarter of 2013 were $1.6 billion. As a result of this announcement the price of Google's stock declines. The best explanation of this is

A) market participants expected Google's profits to be greater than $1.6 billion for the third quarter. B) market participants expected Google's profits to be less than $1.6 billion for the third quarter. C) the stock market is not an efficient market. D) market participants have adaptive expectations.

When there are two people and each is capable of producing two goods, it is possible for one person to have a comparative advantage over the other in both goods

a. True b. False Indicate whether the statement is true or false