If the interest rate is 10%, then $1 received one year from now is worth how much today?

Like competitive firms, monopolies choose to produce a quantity in which marginal revenue equals marginal cost

a. True b. False Indicate whether the statement is true or false

In early 2008, the central bank of Zimbabwe announced the inflation rate in that country had reached

a. 60 percent. b. 80 percent. c. 220 percent. d. 24,000 percent.