Which of the following is the fundamental resource that is the basis of labor?
a. capital
b. natural resources
c. time
d. money
e. entrepreneurial ability
C
Economics
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(Advanced analysis) Susie has $500 invested in a financial asset earning an annually compounded interest rate of 8 percent. If Susie plans to cash in the asset when it is worth $700, about how long will she have to wait?
A. 4.4 years. B. 5 years. C. 6.1 years. D. 8 years.
Economics
What is the relationship between the Federal funds rate and the prime interest rate? Why doesn’t the Federal Reserve target the prime interest rate?
What will be an ideal response?
Economics