The process of accumulation that occurs when interest is paid on previously earned interest is called:
A. present valuation.
B. backdating.
C. compounding.
D. front loading.
C. compounding.
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It is highly unlikely that environmental standards are set at an efficient abatement level because of
a. legislative constraints b. the absence of full information about the MSB and MSC of abatement c. differences in MSB and MSC levels at the regional level d. all of the above
What has been the range of federal spending as a percentage of GDP since 1960?
a. 10 percent to 12 percent b. 13 percent to 15 percent c. 18 percent to 22 percent d. 25 percent to 30 percent
What is an inverse demand function? If the demand for a firm's product is given by the expression Q = 600 - 3P, what is the firm's inverse demand function? By how much would the firm have to change its price in order to increase sales from 300 units to 450 units?
What will be an ideal response?
MPC
What will be an ideal response?