Q1. A corporation is offered trade credit terms of 3/15, net 45 days.
The corporation does not take the discount, and instead pays after 67 days. Illustrate what is the nominal annual price of not taking the discount?
Q2. Compare and contrast what policies Keynes and Hayek advocated regarding how the federal government should manage the economy. There is no need to include biographical information about their lives.
Q3. Illustrate what is the difference among a command economy also a market economy?