The interest rate you typically earn on a deposit at a bank:
A. represents the price of your loan.
B. is the opportunity cost to a bank of lending money.
C. is the opportunity cost to you of lending money.
D. represents the risk of investing.
Answer: C
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Macroeconomics is most likely to be concerned with the:
A) amount of unemployment in a specific industry. B) economic behavior of a particular household. C) economic behavior of specific parts or units of the economy. D) aggregates in the economy.
Table 1.2 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus.Table 1.2Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost(Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)A20NA195 B35 180 C45 150 D50 100NAOn the basis of Table 1.2, what is gained by producing at point B rather than point A?
A. 195 Stealth bombers. B. 35 B-1 bombers. C. 15 B-1 bombers. D. 15 Stealth bombers.
All of the following are social insurance programs designed to attack poverty EXCEPT
A) Social Security. B) temporary assistance to needy families. C) food stamps. D) tuition assistance.
Oil companies lobbying the government for gasoline price supports are engaging in rent-seeking behavior.
Answer the following statement true (T) or false (F)