The present value of $1,500 received 8 years in the future would be calculated as which of the following when the interest rate is 3%?
A) 1,500/(1.03)8 B) 8.03/1,500 C) 1,500 × 1.3 × 8 D) 1,500/(1.3)8
A
Economics
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When a nation begins to import a good,
a. the domestic price of that good will fall b. domestic consumers are harmed c. the domestic price of that good will rise d. domestic producers benefit e. the quantity produced domestically will rise
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The "shadow heuristic" is all of the following, except:
A. When the brain assumes that light always fall from above B. What makes us interpret two-dimensional shaded circles as three-dimensional bumps or holes C. What allows us to measure the height of a tall structure by analyzing its shadow D. When we sometimes mistakenly interpret the contours of a picture of a ball or a box
Economics