The price of a loan is the
A. exchange rate.
B. interest rate.
C. term.
D. principal.
Answer: B
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Consider the following:
(i) When does the potential Pareto criterion reject a policy option? (ii) Explain why any policy that creates a deadweight loss will be rejected by the potential Pareto criterion. (iii) Would the competitive market outcome be rejected by the potential Pareto criterion? Why or why not?
What is money?
What will be an ideal response?
According to this Application, increases in unemployment insurance will ________ the total amount of employment
A) either increase or decrease B) have no effect on C) increase D) decrease
Suppose a patent applicant approaches an insurance company and seeks to purchase an insurance policy that her patent will not net $1m in the next three years. The insurance company
A) will sell her an insurance policy because the proposal entails uncertainty not risk. B) will sell her an insurance policy because the proposal entails risk not uncertainty. C) will not sell her an insurance policy because the proposal entails uncertainty not risk. D) will not sell her an insurance policy because the proposal entails risk not uncertainty.