The cost of using a good for some specific period of time is called the ________ of the good
A) issue price
B) rental price
C) auction price
D) market price
B
You might also like to view...
A shift of the supply curve of oil raises the price from $70 a barrel to $80 a barrel and reduces the quantity demanded from 40 million to 38 million barrels a day. You can conclude that the
A) demand for oil is elastic. B) demand for oil is inelastic. C) supply of oil is elastic. D) supply of oil is inelastic.
Rational ignorance about the efficient quantity of a public good can result in
A) the principle of minimum differentiation. B) excludable goods. C) bureaucratic overprovision of a good. D) the vertical summation of individual's marginal benefit curves.
When a firm decides to retain its earnings instead of paying dividends, the stockholders necessarily suffer
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true?
A. International capital-flow shocks have domestic effects under fixed exchange rates but not under floating exchange rates. B. A domestic monetary shock is less disruptive with floating exchange rates. C. With floating exchange rates, the transmission of business cycles through foreign trade and repercussion is less than with fixed exchange rates. D. If foreign capital is highly responsive to changes in interest rates, then domestic spending shocks are less disruptive with fixed exchange rates.