Suppose you know a piece of land will be worth $1 million (real) in 2045, and the real interest rate is 5%. About how much should you be willing to pay for the land today (2015)? (Assume no taxes)

The taste-for-discrimination model examines an employer's prejudice and discrimination in hiring by using tools of:

A. Demand theory B. Theory of costs C. Production theory D. Profit theory

If the price of a normal good is measured along the vertical axis and its quantity along the horizontal axis, an increase in the price of the good will lead to

A. an upward movement along the demand curve. B. a rightward shift of the demand curve. C. a downward movement along the demand curve. D. a leftward shift of the demand curve.