Assume that Michaela purchases $12,000 worth of a stock. To do so she uses $2,000 of her own money and borrows the remaining $10,000 at an 8.0% interest rate. If the stock's value increases by 20% in one year and she sells the stock at that time, what is her rate of return?
a. 13%
b. 16%
c. 20%
d. 80%
d
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Adam Smith noted that people are adept at which of the following?
A. Confusing themselves if given the chance. B. Proving the truth of “Murphy’s Law.” C. Denying themselves for the sake of others. D. Pursuing their own self-interest. E. All of the responses are correct.
The cost of risk is the same for everyone
Indicate whether the statement is true or false
An injunction might be used to
A. increase wages. B. increase employment. C. require labor to return to work. D. increase the demand for labor.
A consumer expenditure survey reports the following information on consumer protein spending: 20162017 PriceQuantityPriceQuantityFish$55$77Chicken$310$412Beef$67$510Using 2016 as the base year, by how much does a "cost of protein" index increase between 2016 and 2017?
A. 14.3 percent B. 13.4 percent C. 5.2 percent D. 8.6 percent