If your bank pays you 6% interest on a savings account and inflation is 2%, your approximate real rate of interest is
A) 2%.
B) 4%.
C) 8%.
D) 12%.
B
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In 2010, of the following which nations had the highest level of real GDP per person?
A) Japan B) Europe Big 4 C) Canada D) China
The marginal factor cost (MFC) is the:
a. value of the additional output that an extra unit of a resource can produce. b. additional cost of employing an additional unit of a resource. c. additional cost of producing an additional unit of output. d. the ratio of the total fixed cost to the total cost of production. e. ratio of total cost to the total amount of resources employed.
The maximum price pipelines can charge for distributing gas:
a. is determined in a monopolistic market. b. depends on the market demand and supply. c. is set by the federal government. d. is always above the legal minimum.
A major source of funding of R&D in large, established corporations is:
A. venture capital. B. dividends. C. mutual funds. D. retained earnings.