Of the following interest rates, which is the highest one at which the present value of $200 ten years from today is greater than $150?
a. 2 percent
b. 4 percent
c. 6 percent
d. 8 percent
a
Economics
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Water from the Mississippi river is an example of
A) a nonrenewable natural resource. B) a renewable natural resource. C) capital. D) a static resource.
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The demand curve facing a monopolist will be more elastic
A) the greater is the number of substitute products. B) as the consumers' need for the good increases. C) the greater is the amount of fixed costs to cover. D) as the number of consumers increases.
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