Property rights give to some people the right to coerce others into giving up their property.

Which of the following statements is NOT correct?

A) The present value of a 3-year, $150 annuity due will exceed the present value of a 3-year, $150 ordinary annuity.
B) If a loan has a nominal annual rate of 8%, then the effective rate can never be less than 8%.
C) If a loan or investment has annual payments, then the effective, periodic, and nominal rates of interest will all be the same.
D) An investment that has a nominal rate of 6% with semiannual payments will have an effective rate that is less than 6%.

Advertising cigarettes as an elegant and cool look was once accepted in some countries but is now no longer legal. What element of the contextual approach to ethics does this represent?

A) Culturally situated decision-makers
B) Stakeholder interpretation
C) Cultural meaning systems and the moral point of view
D) An ethics of care

Gross investment = ____________ + _______.

Economists' and psychologists' attempts to understand and explain why people make decisions that appear to be irrational is the field of study called _____ economics

A) international
B) irrational
C) rational
D) behavioral

The discount rate used in net present value analysis should normally match or exceed the company's minimum required rate of return.