A liberal philosophy of land distribution would support which of the following rules about paying for western land?
a. High minimum acreage rules for people buying land
b. High minimum prices for land
c. Credit payments for the land
c. Credit payments for the land
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If an individual borrows $200 at an annual rate of interest of 10%, what is the total amount that he will have to repay after one year?
A) $20 B) $220 C) $210 D) $200
The aggregate demand curve shows that, if other factors are held constant, a
A) higher price level results in a decrease in the quantity of real GDP demanded. B) higher price level results in an increase in the quantity of real GDP demanded. C) higher price level results in a lower interest rate. D) lower price level results in a higher interest rate.
Which of the following is a close approximation of the price elasticity of demand for health care?
a. 0.2 b. 0.8 c. 1.8 d. 4.0
Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010)
a. Reducing systemic threats to the U.S. financial system. b. Solving the "too big to fail" problem in the U.S. financial system. c. Preventing spillover effects in the financial industry. d. Ensuring that investment banks and others reduced the amount of "skin in the game" they in the mortgage industry.