To alleviate the commons problem, the government can
A) apply a tax.
B) set a quota.
C) assign property rights.
D) All of the above.
D
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Schyler is able to take out a loan for $3,000 for one year at an annual interest rate of 10 percent. After calculating her return to be $200, Schyler will realize she will:
A. lose $100 overall if she takes out the loan. B. make $200 overall if she takes out the loan. C. make $100 overall if she takes out the loan. D. lose $200 overall if she takes out the loan.
If a bank pays 12% interest, and that bond has a selling price of $1,200 and a face value of $1,000, how much interest does it pay?
What will be an ideal response?
Refer to the graph shown. The purchase of shekels by tourists who enter the country would shift the:
A. demand curve to the right and raise the price of shekels. B. supply curve to the right and reduce the price of shekels. C. demand curve to the left and reduce the price of shekels. D. supply curve to the left and raise the price of shekels.
It is rational for someone who wants to sell a lemon to offer the buyer a money-back guarantee.
Answer the following statement true (T) or false (F)