Compound interest means that:
A. you get an interest deduction if you take out a loan for longer than one year.
B. you get interest on interest.
C. interest rates will rise on larger loans.
D. you get an interest deduction for paying your loan off early.
Answer: B
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Using the utilitarian criterion, it is possible that slavery could be in the public interest
a. True b. False
Disposable income is defined to be:
A. total income plus taxes. B. total income minus depreciation. C. total income minus taxes. D. All of these are true.
Rationing through the price system
A) leads to an inefficient use of available resources. B) leads to high prices. C) works only with government interference. D) leads to an efficient use of available resources.
What is the equation that reflects a bank's balance sheet?
What will be an ideal response?