As the interest rate increases, the present value of a future payment
A) increases.
B) decreases.
C) does not change.
D) approaches infinity.
B
Economics
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What is the usual shape of the production possibilities curve?
a. upward-sloping b. bowed-out from the origin c. bowed-in from the origin d. a straight-line, downward-sloping curve e. U-shaped
Economics
A nation has a population of 260 million people. Of these, 60 million are retired, in the military, institutionalized, or under 16 years old. There are 188 million who are employed and 12 million who are unemployed. What is the unemployment rate?
A. 4 percent B. 6 percent C. 9 percent D. 27 percent
Economics