A future payment's present value is
A) the value in today's dollars of funds to be paid or received in the future.
B) the value in today's dollars of funds to be paid or received today.
C) the value in a future date's dollars of funds to be paid or received today.
D) the value in a future date's dollars of funds to be paid or received in the future.
A
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Assume that increasing the utility of the transfer recipient is the only criterion cared about. When comparing a cash transfer payment to an in-kind payment of an equal value it is clear that _____
a. the recipient is always better off with a cash transfer b. the recipient is never worse off with a cash transfer c. the two are identical d. the recipient would prefer an in-kind payment if legally possible
Corporations account for a ____ proportion of U.S. firms and a ____ proportion of sales by U.S. firms
a. small; small b. small; large c. large; small d. large; large