Roderick received a $100 savings bond for his graduation. The bond pays $100 at maturity, which is in five years. If the interest rate is 6%, the bond has a present value of $90.09

Featherbedding ultimately results in greater worker efficiency and therefore greater productivity and higher wages

a. True b. False

In the long run in a monopolistically competitive market, a firm will, in theory,

A) earn economic profits. B) suffer losses. C) break even. D) earn zero accounting profits.