According to your text, disagreements about the relative efficiency of particular projects are usually disagreements about
A) the best way to conserve energy.
B) the best way to conserve non-renewable resources of all kinds.
C) scientific facts or technical processes.
D) the relative value of particular goods to different people.
E) who is entitled to make money from one project or another.
D
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Citicorp charges an 11 percent interest rate on all new car loans. If the inflation rate is 6 percent, Citicorp receives a real interest rate of
A) 11 percent. B) 6 percent. C) 1.83 percent. D) 0.54 percent. E) 5 percent.
An upward-sloping line or curve is used to illustrate:
a. a direct relationship. b. an inverse relationship. c. two unrelated variables. d. the ceteris paribus assumption.
Which of the following explains why the demand for money curve has an inverse relationship between the interest rates and the quantity of money demanded?
a. As the interest rate rises, the opportunity cost of holding money rises, and people respond by converting cash or checking account balances into interest-bearing financial investments. b. As the interest rate rises, people find it advantageous to borrow money, which increases the quantity of money demanded. c. As the interest rate falls, the opportunity cost of holding money rises, and people respond by converting cash or checking account balances into interest-bearing financial investments. d. As the interest rate rises, the demand for money curve shifts outward to the right.
c. They save consumers time and mental processing power.
a. irrational b. lack of c. marginal d. total