The present value of an ordinary annuity is: a) the amount that would be paid today in order to receive a series of unequal payments in the future b) the amount that would be paid today in order to receive a series of equal payments in the future c) the amount that would be paid in the future in order to receive a series of unequal payments leading up to that point d) the amount that would be paid in the future in order to receive a series of equal payments leading up to that point e) none of the above

Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

Emil motycka is considered an entrepreneur because

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is: