One school of thought that emphasizes the role that taxes play in an economy's supply of output is known as

A nation will import a good if its no-trade, domestic

A) price is equal to the world price. B) price is less than the world price. C) price is greater than the world price. D) quantity is less than the world quantity. E) quantity is greater than the world quantity.

Suppose you hit a progressive jackpot on a slot machine in a casino in Atlantic City and are given the choice of the following prizes:

Prize 1: $150,000 to be received right away, with three additional payments of $150,000 to be received each year for the next three years. Prize 2: $500,000 to be received right away. If the interest rate is 5 percent, what is the present value of each prize?