A $100 annuity is
a. $100 received in a single year
b. $100 received each year forever
c. more or less than $100, dependent on the interest rate, received for a certain number of years
d. $100 received each year for a certain number of years
e. more or less than $100, dependent on the interest rate, received until an upper limit is reached
D
Economics
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Normative economics concerns
a. analysis of social and economic norms b. statements of fact c. the analysis of what is d. the study of what ought to be e. value-free judgments
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Which of the following best characterizes the circular flow of income?
What will be an ideal response?
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