long question about BRAZIL, nominal rate = 18, expected interest = 12
What will be an ideal response?
6 (Interest rate = Nominal Rate - Inflation) (18 - 12 = 6)
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A capital gain results when
A) an asset is sold for more than it was purchased. B) a debt is settled. C) a person purchases a bond. D) a person buys gold.
Define what dead capital is and why economists are concerned with its existence
What will be an ideal response?
Which of the following is a final good or service?
A. Coffee grounds you use to make your coffee every morning B. Coffee grounds used by a coffee shop to make your coffee every morning C. Coffee grounds used by Edy's to make coffee ice cream D. None of these is a final good or service.
Those who oppose minimum wage legislation argue that:
A. setting a wage above the market-clearing equilibrium creates unemployment. B. it should be set below the market-clearing equilibrium. C. workers deserve a basic standard of living. D. the way to get an efficient labor market is for government intervention.