The amount of interest owed on a loan of $2,000 after a year at an interest rate of 10 percent is:
A. $2,100.
B. $2,200.
C. $200.
D. $100.
C. $200.
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If nation-states are able to extend effective control over ocean resources from 3 miles to 200 miles off their coasts, valuable marine animals are more likely to be harvested
A) at a rate consistent with their long-run preservation. B) at a rate inconsistent with their long-run preservation. C) too rapidly for maximum net benefit. D) too slowly for maximum net benefit. E) up to the point of extinction.
The quantity supplied by domestic producers in an importing country must be less than the quantity demanded by its population
a. True b. False Indicate whether the statement is true or false
The maximum welfare benefit levels in most states
A. by law are 1.5 times the poverty income threshold. B. by law must equal the poverty income threshold. C. are significantly above the poverty income threshold. D. are significantly below the poverty income threshold.
Refer to the information provided in Table 33.4 below to answer the question(s) that follow. Table 33.4GermanyChileBeerWineBeerWine(cases)(cases)(cases)(cases)75030 060152412453018 24304512 361560 6 48075 0 60 Refer to Table 33.4. For both countries to benefit from trade, the terms of trade must be between ________ case(s) of beer to case(s) of wine.
A. 2:3 and 2:1 B. 1:1 and 1:2 C. 1:1 and 1:1/2 D. 1:1/2 and 1:4