How did people like Mark Zuckerberg of Facebook and the late Steve Jobs of Apple become so rich?
a. mostly by stealing from those who were less fortunate
b. by acquiring more years of schooling than almost anyone else
c. by obtaining large subsidies from powerful politicians
d. by providing highly valued goods and services to consumers at attractive prices
d. by providing highly valued goods and services to consumers at attractive prices
Economics
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Which of the following is an example of a good whose price goes down because of improvements in technology?
a) computer printers b) running shoes c) hard-bound books d) typewriters
Economics
What is the yield on a discount basis for a U.S. Treasury bill that has a face value of $10,000, has a price of $9500, and will mature in 180 days?
A) 5.00% B) 5.25% C) 10.00% D) 10.67%
Economics