The amount of funds the borrower receives from the lender with a simple loan is called the
A) principal.
B) equity.
C) claim.
D) collateral.
A
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Doctors have ________ incentive to control their costs when consumers ________ for a visit to the doctor's office
A) more; have a third-party payer that pays B) less; pay entirely out of pocket C) less; only pay a deductible D) more; only pay a deductible
When the price of a good is higher than the equilibrium price, a. a shortage will exist
b. buyers desire to purchase more than is produced. c. sellers desire to produce and sell more than buyers wish to purchase. d. quantity demanded exceeds quantity supplied.
When disposable income is 3500, induced consumption is
A. -500.
B. 0.
C. 500.
D. 750.
Which of the following labor market statistics best indicates the amount of labor that is available to the economy from a given working-age population?
A) unemployment rate B) discouraged-worker ratio C) labor force participation rate D) the ratio of minimum wage to inflation