If the inflation rate is 6% and the real interest rate is 4%, then the nominal interest rate is around
A. -2%.
B. 10%.
C. 2%.
D. 6%.
Answer: B
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Illegal immigrants make up about what percent of all agricultural workers in the U.S.?
A. 10% B. 5% C. 40% D. 25%
Use the figure below to answer the following question.
In the past few years, the demand for donuts has decreased. This would be illustrated by a change from
A. point 6 to point 3. B. point 2 to point 5. C. point 4 to point 6. D. point 1 to point 2.
To an economist, rational self-interest means that individuals try to weigh the expected marginal (additional) benefits and marginal (additional) costs of their decisions
a. True b. False Indicate whether the statement is true or false
The supply curve for stand up paddle boards
a. shifts when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the vertical axis of the graph. b. shifts when the price of stand up paddle boards changes because the quantity supplied of stand up paddle boards is measured on the horizontal axis of the graph. c. does not shift when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the vertical axis of the graph. d. does not shift when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the horizontal axis of the graph.