What is another term for time value of money?
A. Net present value
B. Internal rate of return
C. Opportunity cost of funds
D. Yield to maturity
C. Opportunity cost of funds
Economics
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When considering trade of two goods between two people, if one person has all the endowment of both goods, this allocation
A) is never on a contract curve. B) will result in trade so each person has all of one good. C) will result in trade to a equal division of goods between the two people. D) is Pareto efficient.
Economics
Public choice economics is the study of how elected officials are placed in their official capacities
Indicate whether the statement is true or false
Economics