Suppose you put $500 into a bank account today. Interest is paid annually and the annual interest rate is 5.5 percent. The future value of the $500 is
a. $637.50 after 5 years and $822.09 after 10 years.
b. $637.50 after 5 years and $775.00 after 10 years.
c. $653.48 after 5 years and $854.07 after 10 years.
d. $688.36 after 5 years and $915.56 after 10 years.
c
Economics
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An unintended consequence of price ceilings is:
A. the loss of surplus always outweighs the benefits of the policy. B. non-price rationing must occur, and can lead to bribes. C. the transfer of surplus from producer to consumer rarely is recognized. D. the producers increase the quality of the goods sold.
Economics
Farm output per person in the Global South is often barely sufficient to feed a farmer's own family.
Answer the following statement true (T) or false (F)
Economics