A loan is:
A. a financial asset that represents partial ownership of a company.
B. a payment made periodically to all shareholders of a company.
C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest.
D. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate.
C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest.
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Workers who are underemployed are:
A) not counted in the labor force. B) considered as employed. C) considered as discouraged workers. D) considered as unemployed.
Which of the following statements is FALSE?
A) The value of one more unit of a good is the good's marginal benefit. B) A good's marginal benefit is the maximum price people are willing to pay for another unit. C) The maximum price people are willing to pay for one more unit of a good is its value. D) None of the above because all the statements are true.
Refer to Table 4-3. For whom is the good a normal good?
Table 4-3
Price | Bert’s | Ernie’s | Grover’s | Oscar’s |
$0.00 | 20 | 16 | 4 | 8 |
$0.50 | 18 | 12 | 6 | 6 |
$1.00 | 14 | 10 | 2 | 5 |
$1.50 | 12 | 8 | 0 | 4 |
$2.00 | 6 | 6 | 0 | 2 |
$2.50 | 0 | 4 | 0 | 0 |
a. This cannot be determined from the table.
b. Grover only
c. Bert only
d. Bert, Ernie, Grover, and Oscar
The purchase of VCU2 by Tomas Tiergarten, a private resident, causes the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplier to fall. d. M2 money supply to rise.