The mathematics of amortization for mortgage loans must utilize the
A. interest rate.
B. borrower's age.
C. borrower's marital status.
D. borrower's marginal income tax rate.
Answer: A
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If the production of a particular good involves significant external costs, to force the externality to be internalized the government might:
a. impose a tax on production of the good in order to increase production. b. impose a tax on production of the good in order to decrease production. c. offer a subsidy for production of the good in order to increase production. d. offer a subsidy for production of the good in order to decrease production.
Which of the following is a stock variable?
a. The interest rate b. Real GDP c. Investment in physical capital d. Physical capital e. Investment in human capital
Minimum-wage laws
a. create unemployment. b. do not apply in states with right-to-work laws. c. affect highly-educated workers more than high school dropouts. d. cause labor shortages, which further raise wages above equilibrium.
Which of the following does not hinder growth in developing countries?
A. Education B. Disease C. Instable governance D. Geography