The country panjim has been growing at the rate of 8 percent annually following a series of economic reforms. adelphia, a neighboring country, is also growing rapidly, but at a rate that is slightly lower than panjim's. elaine mack and prisca baresi, who live in adelphia, are discussing whether adelphia's economy will surpass panjim soon. elaine is of the opinion that the high level of sales of capital goods indicates that growth in adelphia will only increase further. prisca however reminds elaine that the working population in adelphia is shrinking, which will actually reduce its growth prospects. which of the following, if true, will weaken prisca's view that adelphia does not have good growth prospects?
a. although inequality in adelphia has fallen, the number of people under the poverty line has not reduced significantly
b. nominal wages in adelphia increased by a smaller proportion than the increase in prices.
c. adelphia is highly dependent on the import of oil and food grains
d. the number of highly-skilled workers migrating from adelphia to foreign countries has fallen.
e. compared to adelphia, panjim, is better endowed with natural resources.

If you want to compare two different investments, what should you calculate

Michigan mattress company is considering the purchase of land and the construction of a new plant. the land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. it is estimated that the firm's afterminustax cash flow will increase by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. what is the approximate payback period?

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?