The length of a loan is called the term.
Answer the following statement true (T) or false (F)
True
The length of a loan is called its term.
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The demand for science fiction novels is elastic. When prices decrease from $10 to $6.50 per novel, total revenue will
a. not change. b. decrease. c. increase. d. either increase or stay the same.
An increase in the demand for a good refers to a shift in the
a. demand curve to the left b. demand curve to the right c. quantity demanded to the right d. quantity demanded to the left e. price of the good
The settlement account of the balance of payments
a. records how much foreigners paid U.S. citizens in interest. b. records how much the U.S. government collected in tariffs. c. explains how the balance-of-payments deficit or surplus was financed. d. explains how the trade surplus was distributed.
Speculation during periods of inflation can result in:
A. People buying resources for resale later rather than using the resources for current production. B. A movement inside the production-possibilities curve. C. People buying gold, silver, jewelry, etc., instead of capital for production. D. People saving less of their disposable income. E. All of the above.