Interest rates of various loans vary over a wide range due to differences in all of the following, except:
A. Borrower characteristics
B. Maturity of the loan
C. Loan size
D. Lender characteristics
D. Lender characteristics
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The Sherman Antitrust Act prohibits competing firms from even talking about fixing prices
a. True b. False Indicate whether the statement is true or false
If the Consumer Price Index was 165 in one year and 175 in the next year, then the rate of inflation from one year to the next was approximately:
a. 4.3 percent b. 5.7 percent c. 7.5 percent d. 6.1 percent
Consumer surplus is
A. equal to the amount consumers pay for a good. B. the value consumers get from a good but do not pay for. C. the value consumers do not pay because of a discount by supplier. D. the value consumers get from a supplier.
If consumer income and prices all are cut in half, then the consumers' real income doubles.
Answer the following statement true (T) or false (F)