In arriving at the quantity of output and price of its product, a company
a. chooses either output or price, and consumer demand determines the other.
b. has no control over either quantity or price.
c. makes two decisions by setting both optimal output and optimal price.
d. generally leaves both quantity and price decisions to consumers.
a
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If you want to purchase a new sailboat in two years for $9,000, how much would you presently need to have in your bank account to have $9,000 in two years? Assume your bank account pays 3 percent interest
A) $8,484 B) $8,613 C) $8,738 D) $8,822
We know that among the current account, the capital and financial account, and the official settlements account that the
A) current account plus the capital and financial account equals zero. B) current account plus the capital and financial account plus the official settlements account must sum to 100. C) current account is always larger than the capital and financial and official settlements accounts combined. D) current account plus the capital and financial account plus the official settlements account must sum to zero. E) current and capital and financial accounts sum to zero while the official settlements account must be greater than zero.