Billy is considering the purchase of a rental house. The house costs $240,000 and it will generate annual revenues of $15,000 and annual expenses of $3,000. What is the internal rate of return of this investment?

Suppose you are considering buying stock in the stock market, and your objective is to maximize your net worth. Furthermore, your study of the market reveals that the economy will be slowing down over the next several months

Under these conditions, it would be best to purchase stock in companies that produce A) normal goods. B) luxury goods. C) price elastic goods. D) inferior goods.

Which of the following is FALSE?

A) A common market is more deeply integrated than an economic union. B) NAFTA is an example of a free trade area. C) The European Union is a deeper form of integration than NAFTA. D) Common markets allow for labor mobility between participating nations.