Interest is ultimately

A) any return on investment.
B) the price of money.
C) unearned income.
D) the difference between the subjective value of a good now and a good later.


D

Economics

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To Schumpeter, the market process is called

A) dynamic externalities B) static business formation C) creative destruction D) all of these choices.

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Aggregation involves adding together different products and services

a. True b. False Indicate whether the statement is true or false

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If a shortage exists in a market, the natural tendency is for:

A. price to increase. B. quantity supplied to decrease. C. demand to increase. D. no change in the market.

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The line that shows the connection between inflation and unemployment in the short run is called the:

A. inflation-employment trade-off. B. Phillips Curve. C. price-work curve. D. aggregate supply.

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