Dividing the number seventy-two by an interest rate yields
A. the number of years it would take an investment to double in value.
B. the annual payment required to pay off a loan at that interest rate.
C. a good measure of the level of risk in the investment proposal.
D. all of these options are correct.
Answer: A
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Fundamental economic problems basically arise from
A) the fact that society has more than it needs. B) turmoil in the stock market. C) the unequal distribution of income. D) our wants exceeding our scarce resources.
Price controls may be thought of as
A) a restraint on the rationing function of prices. B) useful tools that promote production. C) necessary in market economies. D) the freeing-up of free market forces.
Which term measures production well and indicates when a country is materially better or worse off in terms of jobs and incomes?
a. GDP b. Standard of living c. GDP per capita d. Nominal GDP
Which of the following is INCORRECT?
a. Emissions limits in PSD areas are more stringent than those in nonattainment areas b. New Source Performance Standards are technology-based and defined by the EPA c. Emissions limits for existing sources are more lenient than for new sources d. Technology-based standards used to control stationary sources are applied uniformly