Which of the following is a consequence of extending the payback period of a student loan from 10 to 30 years?
A) higher monthly payments
B) more interest paid over the life of the loan
C) faster payoff of principal
D) lower monthly payments initially, but higher monthly payments in the future
B
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Economic theory allows us to predict the behavior of a specific person or firm
a. True b. False
If we can conclude that human life has a finite value, cost-benefit analysis can lead to solutions in which human life is worth less than the cost of a potential project
a. True b. False Indicate whether the statement is true or false
Suppose the price index was 105 in 2017, 126 in 2018, and the inflation rate was lower between 2018 and 2019 than it was between 2017 and 2018 . This means that
a. the price index in 2019 was lower than 126.0. b. the price index in 2019 was lower than 147.0. c. the price index in 2019 was lower than 151.2. d. the inflation rate between 2018 and 2019 was lower than 1.2 percent.
A command-and-control policy:
A. usually does not result in the use of the most efficient pollution abatement technology. B. does not affect the production costs of firms. C. usually finds the most efficient pollution abatement technology. D. increases the incentive for firms to develop efficient abatement technologies.