The percentage of a balance that a borrower must pay a lender is called the
A. monetary index.
B. inflation rate.
C. interest rate.
D. usury rate.
Answer: C
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An increase in Swiss interest rates will cause
A) an increase in the demand for U.S. dollars and an increase in the exchange rate of Swiss francs per dollar. B) a decrease in the demand for U.S. dollars and a decrease in the exchange rate of Swiss francs per dollar. C) an increase in the supply of U.S. dollars and a decrease in the exchange rate of Swiss francs per dollar. D) a decrease in the supply of U.S. dollars and an increase in the exchange rate of Swiss francs per dollar.
Refer to Scenario 7.2. What is the marginal cost of the 60th earthquake detector?
A) 0 B) 5 1/2 C) 3 D) 5 E) none of the above
Which of the following is a final good or service?
A) tires purchased by Ford for use on one of their SUVs B) the new economics textbook you are using C) the hair gels used by a hairstylist at the local hair salon D) the butter used by a chef to make buttercream frosting E) the taco shells purchased by Taco Bell for use in their tacos
Exhibit 6-10 Short-run cost schedule for book publisher's hourly production TotalOutput TotalVariable Cost TotalCost 0 cases of books $ 0 $200 1 100 300 2 150 350 3 250 450 4 450 650 In Exhibit 6-10, the publisher's fixed cost is equal to:
A. $0. B. $100. C. $200. D. The fixed cost cannot be determined with the information provided.