Suppose you borrow $50,000 from your bank to purchase a Tesla vehicle. This is an example of
A. indirect financing.
B. direct financing.
C. transaction costs.
D. moral hazard.
Answer: A
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Differentiate between the average tax rate and the marginal tax rate
What will be an ideal response?
Suppose the government expenditure increases by $200 and the simple spending multiplier equals 5 . The final increase in output will be: a. $6000
b. $500. c. $200. d. more than $200. e. less than $200.
Macroeconomics studies the determination of
a. total output, total employment, the general price level, and the general level of interest rates b. total output and the general level of interest rates only c. total employment and the general level of prices only d. the interaction of individual economic actors in specific markets and industries e. the levels of employment and prices in specific markets and industries
Price leadership works only if there is a single, dominant firm in the oligopoly
a. True b. False Indicate whether the statement is true or false