Interest rates are higher the
A) shorter the duration of the loan.
B) greater the risk.
C) larger the amount of the loan, holding other things constant.
D) lower the inflation rate.
Answer: B
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What is meant by fixed cost? What kinds of things might be included in fixed cost?
What will be an ideal response?
The Elkins Act of 1903:
a. outlawed any departure from a published shipping rate. b. made the receiver of a rebate guilty of violating the law. c. probably reflected the wishes of a large majority of railroad companies. d. All of the above.
A curve that depicts the relationship between price and quantity demanded is the:
a. supply curve. b. supply schedule. c. demand curve. d. equilibrium price.
A Nash equilibrium refers to a:
A. cooperative game. B. a sequential game. C. a noncooperative game. D. a repeated game.