If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $637.41 for 5 years, the internal rate of return is
A. 10%.
B. 15%.
C. 0%.
D. 5%.
Answer: A
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Use the following graph to answer the next question.
Suppose an economy's full employment output is at the level Qf shown on the graph. Further, suppose the economy's current aggregate demand is represented by AD1. If the government swiftly implements a stimulus program that immediately shifts the economy's aggregate demand to AD2, the aggregate demand in the short-to-medium term would be most closely represented by
A. AD0. B. AD1. C. AD2. D. AD3.
The real value of money
A) matters less to people than its nominal value. B) is the same as its nominal value. C) is another word for the face value. D) reflects the purchasing power of money.
Who benefits from a tariff on a good?
A) domestic consumers of the good B) foreign governments C) domestic producers of the good D) foreign producers of the good
Briefly explain the command-and-control approach in dealing with an externality such as pollution. Give an example of the U.S. government using the command-and-control approach to deal with the pollution problem
What will be an ideal response?