If you will receive $5,000 two years from today, what is its present value if the discount rate is 5 percent?

Whenever the absolute value of the price elasticity of demand is greater than 1, but less than infinite

A) demand is inelastic. B) demand is unit elastic. C) demand is elastic. D) demand is perfectly elastic.

Answer the following statement(s) true (T) or false (F)

1. The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) was passed in the 1970s. 2. Registration of new pesticides and reregistration of those already on the market are the chief instruments of FIFRA. 3. The Food Quality Protection Act (FQPA) amended FIFRA and TSCA. 4. Pesticide registration results in a formal listing with the EPA that is based on benefit-cost analysis. 5. Legal limits on how much of a pesticide residue can remain on raw or processed food are known as pesticide tolerances.