34)If the interest rate is 5%, then the present value of $200 to be received one year from now is

$205.

$400.

$210.

$190.47.

36)If the demand for human capital increases, interest rates and the cost of investment _____, and investment in human capital _____.

increase; increases

decrease; decreases

increase; decreases

decrease; increases

38)Which statement about entrepreneurship is NOT true?

Just like every employee will earn a wage for labor, every entrepreneur will earn a profit for their efforts.

Entrepreneurs combine land, labor, and capital to produce goods.

Entrepreneurs assume risks associated with producing their good or service.

Profit is the return gained by entrepreneurship.

39)Which of these is NOT both exhaustible and renewable?

fisheries

soil

forests

oil

40)Which of these is both continual and renewable?

oil

coal

sunlight

forests