The nominal interest rate is 12 percent and the inflation rate is 4 percent. The opportunity cost of holding a dollar for a year is
A) 16 cents. B) 88 cents. C) 48 cents. D) 12 cents. E) 8 cents.
D
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Which of the following is a nonrenewable resource?
A) residential land B) sunshine C) a machine tool D) oil
By the 2000s, investment banks had become significant participants in the secondary market for mortgages
Indicate whether the statement is true or false
Private donations of aid are:
A. a dwindling portion of aid given to foreign countries. B. larger than the entire budget for official foreign aid provided by the U.S. C. a significant portion of aid, nearly half as much as the budget for official foreign aid provided by the U.S. D. not generally counted in aid statistics that are reported by various aid agencies.
The United States currently has a progressive income tax structure
Indicate whether the statement is true or false