The percent of disposable income that consumers have to pay for their debt is called:
A. the cost of debt.
B. debt service.
C. debt accountability.
D. a debtor's mark.
Answer: B
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The table below describes the value added in the production of a gallon of gasoline by each stage of production. (The values are hypothetical.)
Table 19-10 Stage of Production Value of Sales Value Added Oil drilling 0.75 Refining 1.25 Shipping 1.85 Retail sales 3.65 a) What is the value added by each stage of production? b) What is the total value added? For simplicity, you can ignore the cost of the inputs for oil drilling.
In the Solow growth model, a change in the capital-labor ratio is equal to
A) (saving - investment). B) saving + depreciation). C) (investment - depreciation). D) (capital stock - labor force).
When you deposit funds in a bank and then the bank lends these funds to a borrower, the bank is engaged in
A) fiduciary investment. B) fraudulent behavior. C) universal banking. D) financial intermediation.
An outcome that can result from either a price ceiling or a price floor is
a. a surplus in the market. b. a shortage in the market. c. a nonbinding price control. d. long lines of frustrated buyers.