The market mechanism satisfies all consumer desires and maximizes business profits.
Answer the following statement true (T) or false (F)
False
Not everyone gets full satisfaction from the market equilibrium.
Economics
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Assuming a market interest rate of 6 percent per year, what is the present value of $5,000 payable at the end of three years?
A) $4,717 B) $4,450 C) $4,198 D) $4,317
Economics
Given a discount rate of 10 percent, the present value of receiving $100,000 two years in the future is
A) $12,000. B) $80,000. C) $82,645. D) $121,000.
Economics