Rearden Metal needs to order a new blast furnace that will be delivered in one year. The $1,000,000 price for the blast furnace is due in one year when the new furnace is installed. The blast furnace manufacturer offers Rearden Metal a discount of $50,000 if they pay for the furnace now. If the interest rate is 7%, then the NPV of paying for the furnace now is closest to:

Dr. Rimbaud is a neurosurgeon in Ottawa. His patient dies after an operation. The estate sues him for negligence. The issue will be decided based on:

A) A comparison with the reasonable person. B) A comparison with the reasonable doctor. C) A comparison with other specialists of like skills and training. D) Whether Dr. Rimbaud acted in good faith and integrity E) The judgement of the College of Physicians and Surgeons.

The purpose of NAFTA is to:

A) substitute cheap labor in Mexico for expensive labor in the United States. B) curb illegal immigration from Mexico to the United States. C) phase out all trade and tariff barriers between North America and South America. D) phase out all trade and tariff barriers between the United States, Canada, and Mexico. E) provide fair and equitable tariff rates for trade between the United States, Canada, and Mexico.