Suppose $X is the present value of $Y to be received next year. If you have $X and let it earn interest at r percent annually, how much money do you expect to have after one year?
a. $Y
b. $Y/(1 + r)
c. $Y(1 + r)
d. $X/(1 + r)
e. $X/r
A
Economics
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________: the amount by which the quantity supplied exceeds the quantity demanded at a particular market price
Fill in the blank(s) with correct word
Economics
Refer to the demand and supply diagram that relates to the health care market. If suppliers provide whatever quantity of health care is demanded, health care insurance causes:
A. resources to be underallocated to the health care industry.
B. resources to be overallocated to the health care industry.
C. health care to be underconsumed.
D. the price of health care to the insured to be higher than the market price.
Economics