Because warranties are potentially ________, low-quality goods are ________ to have warranties
A) very expensive; less likely
B) inexpensive; less likely
C) very expensive; more likely
D) inexpensive; more likely
A
Economics
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Suppose that Australia has fully employed all of its resources. This situation means that Australia
A) is experiencing zero unemployment. B) has a positive Lucas Wedge. C) has a negative Okun Ga D) is operating at its potential GDP
Economics
Which of the following has the highest present value?
A) $1,000 received in 3 years if the current interest rate is 4% B) $1,500 received in 5 years if the current interest rate is 6% C) $2,000 received in 6 years if the current interest rate is 11% D) $3,000 received in 10 years if the current interest rate is 12%
Economics