John has decided to view the solar eclipse tomorrow. The eclipse is an example of

A) a good.
B) an economic good.
C) a service.
D) entrepreneurship.

A

Economics

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The short run is

A) a period of time during which at least one input cannot be changed. B) a period of time during which no inputs can be changed. C) a period of time during which all inputs can be changed. D) a period of time shorter than one year.

Economics

What is the present value of $100 three years from now at an interest rate of 5%?

A) $85 B) $115.76 C) $90.70 D) $86.38

Economics