________ is the price paid for the use of money.
A. Gold
B. Fiscal policy
C. Monetary policy
D. The interest rate
Answer: D
You might also like to view...
Ted got a ticket to this year’s Super Bowl and paid the face value of $1,000. His cousin offered him $3,000 for the ticket. Given this information, Ted’s opportunity cost of this ticket is
A. $1,000. B. $2,000. C. $3,000. D. $4,000.
One of the reasons that successful proprietors may be reluctant to borrow money from a bank to expand their business is that
a. expanded businesses generally generate lower rates of profit b. the bank would become a part owner c. unlimited liability cramps ambition d. the bank's liability insurance isn't sufficient to cover expected liabilities e. issuing stock to finance the expansion is less costly
In the calculation of aggregate income, the value added at each stage of production by each firm equals the firm's:
a. selling price minus payments for inputs. b. total costs minus the profits and interest payments. c. total fixed costs and the firm's average rate of return. d. appreciation in market value of all firms over the last year.
A. households are on the buying side of both product and resource markets. B. businesses are on the selling side of both product and resource markets. C. households are on the selling side of the resource market and on the buying side of the
product market. D. businesses are on the buying side of the product market and on the selling side of the resource market. A. capital goods and consumer goods. B. free and controlled. C. product and resource. D. household and business.