The traditional mortgage amortization schedule specifies a monthly payment that is
A. first increasing, then decreasing over the life of the mortgage.
B. constant over the life of the mortgage.
C. increasing over the life of the mortgage.
D. decreasing over the life of the mortgage.
Answer: B
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Eduardo is a 19-year-old male who drives a sports car. He is a very safe, highly skilled driver, and he has never had an accident. He is angry when he learns his auto insurance premium is more than double that of his older sister, who is a terrible driver. Why are their rates so different?
a. Insurance companies want good drivers to leave the market. b. Insurance companies base premiums on risk categories rather than individual actions. c. Insurance companies want to keep poor drivers in the market. d. Insurance companies try to provide coverage to everyone equally regardless of skill.
Samuelson's theory of public expenditure demonstrates that
A. government is inefficient and will always engage in too much spending. B. an efficient mix of public goods is produced when local land/housing prices and taxes come to reflect consumer preferences. C. an optimal (or most efficient) level of output exists for every public good. D. through government regulation of private industry, the optimal level of public good provision is achieved.
The above table gives techniques that Fatz confectionery can use to produce 2,000 pounds of candy
If the cost of capital is $20 per unit and the cost of labor is $40 per unit, the economically efficient technique for producing 2000 pounds of candy is A) A. B) B. C) C. D) D.
The expected rate of change in the nominal dollar/euro exchange rate is best described as
A) the expected rate of change in the real dollar/euro exchange rate minus the U.S.-Europe expected inflation difference. B) the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe real interest rate difference. C) the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe expected inflation difference. D) the expected rate of change in the real dollar/euro exchange rate minus the U.S.-Europe real interest rate difference. E) the expected rate of change in the real dollar/euro exchange rate plus the European expected inflation.