The future value of a deposit is:
A. PV * (1 + r) * n, where r = interest rate, n = periods, and PV = present value.
B. PV * (1 + r)n, where r = interest rate, n = periods, and PV = present value.
C. PV * rn, where r = interest rate, n = periods, and PV = present value.
D. PV/(1 + r)n, where r = interest rate, n = periods, and PV = present value.
B. PV * (1 + r)n, where r = interest rate, n = periods, and PV = present value.
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In the figure above, the number of unemployed workers is
A) 4,000. B) 3,000. C) 2,000. D) 5,000. E) zero.
The Shipbreakers of Alang represent a perfect example of how a developing country can apply the principles of the Heckscher-Ohlin model, since
A) shipbreaking is generally considered to be a capital-intensive operation and India, being a large country has much capital. B) shipbreaking is a labor-intensive operation in India, and India has many workers since it is such a large country. C) shipbreaking is a labor-intensive operation in India, and India's availability of capital per worker is less than that of its trade partners. D) shipbreaking is a capital-intensive operation elsewhere in the world, and therefore represents a case of a factor intensity reversal. E) India's climate lends itself to the work involved in shipbreaking.