Which of the following is an example of an intermediate-term debt?
A) a fifteen-year mortgage
B) a sixty-month car loan
C) a six-month loan from a finance company
D) a thirty-year U.S. Treasury bond
B
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National income and domestic product must be equal.
Answer the following statement true (T) or false (F)
The social cost of a transaction is _____
a. the sum of fixed and variable costs b. the difference between the total cost and opportunity cost c. the sum of private and external costs d. the difference between the private and external costs e. the sum of fixed costs and opportunity costs
Which of the following is true? a. A nation cannot have a comparative advantage in the production of every good
b. A nation cannot have an absolute advantage in the production of every good. c. A nation can have a comparative advantage in the production of every good, but not an absolute advantage. d. A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage.
If Sally purchases a particular compact disk, it is because the opportunity cost is higher than it would be for any other compact disk
a. True b. False