How Long Will It Take an Investment to Triple If

question 2

Multiple Choice

How long will it take an investment to triple if it is continuously compounded at 15% per year? Select the correct answer rounded to the nearest year.

• A)4 years
• B)13 years
• C)7 years
• D)15 years
• E)8 years

Understand how the theory of comparative advantage underpins productivity and economic relationships.

Recognize the constraints posed by scarcity on production and consumption.

Understand the relationship between employment levels and the production possibilities frontier (PPF).

Understand the concept of production possibility frontiers (PPF) and how they illustrate opportunity costs and efficient resource allocation.

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Definitions:

Maternal Negativity

Refers to negative attitudes, emotions, or behaviors expressed by a mother towards her children, which can impact the children's psychological development.

Nuclear Family

A family unit consisting of two parents and their children living together as a single entity.

Biological Parents

The individuals whose genetic material a child inherits; often referred to as birth parents.