What is the present value of $1 that will be paid to you in 6 years if the interest rate is 10%? Work it out to the nearest tenth of a cent.

Interdependence among firms is characteristic of: a. perfectly competitive markets

b. monopoly markets. c. oligopoly markets. d. monopolistically competitive markets.

If Eric expects to earn more income next month, he may choose to a. save more now and spend less of his current income on goods and services. b. save less now and spend more of his current income on goods and services. c. decrease his current demand for goods and services

d. decrease his current demand for goods and services.