The interest rate, as it appears on paper in a contract, is the:
A. nominal interest rate.
B. short-term interest rate.
C. real interest rate.
D. long-term interest rate.
Ans: A. nominal interest rate.
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The vertical axis of a graph that shows a market supply curve indicates the
A. various quantities of output at which the market will be cleared. B. cost of the amount of output produced. C. number of sellers who are in the market for this product. D. prices at which firms would be willing and able to sell their different products.
If a country is a price taker for a good in the world market, ________
A) its consumption and production decisions of the good play a key role in determining world prices B) its consumption and production decisions of the good do not affect world prices C) its demand for the good remains the same irrespective of changes in world prices D) it is the only exporter of the good in the world market
Ch1.The fallacy of composition is the fallacious view that
What will be an ideal response?
Discounting or computing present value is a way of comparing dollar values that will appear at different points in time.
Answer the following statement true (T) or false (F)