If you pay $2,640 annually on a $22,000 loan A, and pay $1,800 on a $12,000 loan B, then the interest rate is:
A. 12 percent on loan A and 18 percent on loan B
B. 10 percent on loan A and 15 percent on loan B
C. 12 percent on loan A and 15 percent on loan B
D. 15 percent on loan A and 12 percent on loan B
C. 12 percent on loan A and 15 percent on loan B
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The majority of economists believe that the social benefit of mandating measles vaccines for all Americans (except those with compelling medical reasons) would exceed the social cost
a. True b. False Indicate whether the statement is true or false
For a macroeconomist, the case for aggregation is based on two principles—(1) the composition of demand and supply may not matter for some purposes and (2)
A. during fluctuations markets normally move together. B. individual markets allocate resources efficiently. C. inflation, unemployment, and growth never go together. D. individual markets distribute income efficiently.
If a country replaces its politically-controlled central bank with one that is independent, this will decrease inflation expectations and thereby increase investment. This will impact its economy by
A. decreasing aggregate demand. B. decreasing aggregate supply. C. increasing aggregate demand. D. increasing aggregate supply.
An individual firm in perfect competition can exercise a significant control over the market price of the good
a. True b. False Indicate whether the statement is true or false