Suppose you buy a house for $250,000. One year later, the market price for the house has fallen to $200,000
What is the return on your investment in the house if you made a down payment of 10 percent and took out a mortgage loan for the other 90 percent?
The market price has fallen by $50,000, so with a 10 percent down payment, your return on investment is -$50,000 divided by the 10 percent down payment of $25,000. or -50,000/ $25,000 = -2, which means you lost 200 percent.
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A natural monopoly market is characterized diseconomies of scale over the entire range of output.
Answer the following statement true (T) or false (F)
New growth theory
A) states that the rate of technological change is caused by economic incentives. B) states that the rate of technological change is determined outside the working of the market system. C) states that the rate of technological change is unaffected by economic incentives. D) does not adequately explain the factors that determine productivity.
The BLS count Jody as being unemployed if she _______
A. had a job last month but not this month B. doesn't have a job because the U.S. factory where she worked cannot compete with cheap Chinese imports C. wants a job and looked for a job last year but has now stopped looking D. wants a job and is willing to take a job but after searching last week cannot find a job
Which of the following factors has been suggested as an explanation for the lack of economic growth in many poor nations?
A. the supply of human resources is too high. B. insufficient capital formation C. inadequate level of resources D. a lack of dependence on the already developed nations