Loans generally require equal payments over a set period of time.
a. true
b. false
a. true
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BAE, a British defense company, has the contract to produce Tornado aircraft for the Royal Air Force. The BBC produces high-quality mystery shows for the British government. Both produce at the lowest possible cost
On a PPF with aircraft and mystery shows on the axes A) BAE and the BBC do not face increasing opportunity costs. B) BAE and the BBC are achieving production efficiency. C) BAE and the BBC are producing at a point outside the PPF. D) the British government is operating outside its PPF.
The main source of revenue for the U.S. federal government is
a. personal income taxes b. corporate income taxes c. sales taxes d. borrowing on financial markets e. revenue from the sale of government goods and services
Which of the following is an example of a nonrival good?
a. food b. an automobile c. a view of the sun rising d. public housing e. a private apartment
If the Required Reserve Ratio (RRR) was 4%, how much money could a bank create from an initial deposit of €1270?
(a) €5,080. (b) €50.80. (c) €31,750. (d) €1320.80.