An investment is profitable as long as its internal rate of return is equal to the rate of interest
Indicate whether the statement is true or false
False. Such an investment has a profit of zero. The investment is profitable if the internal rate of return exceeds the interest rate.
Economics
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Illegal immigrants pay social security tax. Therefore, they receive social security benefits on retirement
a. True b. False Indicate whether the statement is true or false
Economics
In the short run, a perfectly competitive firm _____
a. cannot change its costs of production if it buys its inputs from a perfectly competitive market b. can increase the value of its unique product by increasing its advertisement expenditure c. can decrease the price of a good in order to increase its share in the market d. cannot choose to produce the quantity it wants
Economics