A compensating differential is a difference in wages due to higher levels of education or other forms of human capital
a. True
b. False
Indicate whether the statement is true or false
False
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In answering which of the following questions would you find it necessary to calculate a future value?
a. If Jill puts $5,000 today into a bank account that pays 3 percent interest, then how much will she have in the account after 2 years? b. Should ABC Corporation buy a factory today for $2 million, knowing that the factory will yield the corporation $3 million after 5 years? c. As the winner of a lottery, should Michael choose an immediate payment of $250,000 or should he choose annual payments of $30,000 for each of the next 10 years? d. You would find it necessary to calculate a future value in order to answer all of these questions.
From 2006 to 2008, ______ fell by $350 billion.
a. mortgage-backed security valuations b. individual foreclosures c. subprime mortgage originations d. housing construction