Jordan loaned Taylor $1,200 on March 15, 2009. Taylor returned $1,260 on March 14, 2010. Inflation was 2% over the 1-year period. What is the real interest rate that Taylor paid?
What will be an ideal response?
3%
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Shirley can choose between peanut butter pretzels and caramel coated popcorn for her evening snack. According to economists, her _____ cost of consuming caramel coated popcorn would be the forgone peanut butter pretzels
a. internal b. opportunity c. average d. transaction e. social
A farmer sells five pounds of pecans to a Smith's Fresh Pecans for $10 . Smith's Fresh Pecans resells three pounds for $4.50 per pound. The remaining pecans are shelled and canned and sold for a total of $8.00 Taking these transactions into account, how much is added to GDP?
a. $22.50 b. $29.50 c. $21.50 d. $31.50
During the 20th century and into the 21st, the U.S. net international investment position has
A. been consistently negative. B. gone from negative to positive and back to negative. C. been consistently positive. D. gone from positive to negative and back to positive.
Incentives can be used to reduce both adverse selection and moral hazard.
Answer the following statement true (T) or false (F)