Ricky is thinking about borrowing $10,000 from Fred. He promises Fred cash flows of $5000 for the next three years. If Fred's cost of capital is 10%, what is the Net Present Value of the investment for Fred?

The social arrangement that gives John Grisham, the writer of best-selling novels, the ownership of his novels is

A) a market. B) property rights. C) absolute advantage. D) dynamic comparative advantage.

To "accommodate" an expansionary fiscal policy, the Fed ________ the money supply in order to hold ________ constant

A) expands, the interest rate B) expands, real income C) contracts, the interest rate D) contracts, real income