《江西财经大学微观经济学试题库》part 6 review.docVIP

Microeconomics, 10e (Parkin) Part 6 Review Factor Markets, Inequality, and Uncertainty 1) If the interest rate is 5 percent, the present value of $2,000 to be received one year from today is about A) $2,005. B) $1,995. C) $1,905. D) $2,100. Answer: C Topic: Present Value Skill: Analytical Question history: Previous edition, Part Review 6 AACSB: Analytical Skills 2) If the interest rate is 5 percent, the present value of $2,000 to be received two years from today is about A) $2,010. B) $1,814. C) $1,905. D) $1,980. Answer: B Topic: Present Value Skill: Analytical Question history: Previous edition, Part Review 6 AACSB: Analytical Skills 3) Abigails Tax Help, is a firm that sells advice to taxpayers. Abigail is considering buying a new computer that costs $1,500. She expects that the computer will generate an additional profit of $1,200 at the end of the first year and $500 at the end of the second year, after which it will be worthless. If the annual interest rate in the next two years is 5 percent, what is the present value of the profit from the computer? A) $1,596 B) $1,500 C) $1,361 D) $1,654 Answer: A Topic: Present Value Skill: Analytical Question history: Previous edition, Part Review 6 AACSB: Analytical Skills 4) Abigails Tax Help, is a firm that sells advice to taxpayers. Abigail is considering buying a new computer that costs $1,600. She expects that the computer will generate additional profit of $1,200 at the end of the first year and $500 at the end of the second year, after which it will be worthless. If the annual interest rate in the next two years is 8 percent, what is the present value of the profit from the the computer? A) $1,600 B) $1,286 C) $1,540 D) $1,750 Answer: C Topic: Present Value Skill: Analytical Question history: Previous edition, Part Review 6 AACSB: Analytical Skills 5) In the figure above, the demand and supply of high-skilled workers has an H subscript and the demand and supply of low-skilled workers as an L su