Other things equal, the interest rate on a loan will be larger:
A. The higher the risk involved
B. The larger the amount of the loan
C. The shorter the length of the loan
D. If loan interest is exempt from taxation
A. The higher the risk involved
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Electric utilities have trumpeted nuclear power for years, advocating it as lower in production costs than other alternatives. Yet, society has resisted heavy reliance on nuclear power. Explain the source of the disagreement and suggest which side (utilities or society) is correct
As the money wage rate increases
What will be an ideal response?
The inflation rate is the annual percentage change in the average price level.
Answer the following statement true (T) or false (F)
If a firm is NOT forced to pay for external costs, it will
A) continue to overproduce the good. B) continue to under produce the good. C) request a subsidy from the government. D) raise prices.