Which of the following is true?
A) An outstanding credit card balance is an asset that adds to your personal wealth.
B) Interest rates charged by credit card companies are generally high because the loans are unsecured.
C) The power of compound interest benefits those with outstanding credit card balances.
D) An unused balance on your credit card is like money in the bank.
B) Interest rates charged by credit card companies are generally high because the loans are unsecured.
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If central banks were no longer obliged to intervene in currency markets to fix exchange rates, governments would be able to use monetary policy to reach
A) internal balance. B) external balance. C) internal and external balance. D) internal but not external balance. E) external but not internal balance.
Of the two conflicts, __________ get(s) more severe the larger the firm
A) the stockholder-lender conflict B) manager-stockholder conflict C) both D) neither
Suppose that the current price of a marketable permit to emit one ton of gunk is $60 . For firm A, the marginal cost of reducing one ton of gunk is $50 . For firm B, the marginal cost of reducing one ton of gunk is $70 . Under a marketable permit system, _____
a. both firms will buy a permit and emit one more ton of gunk b. firm A will buy a permit and emit one more ton of gunk, whereas firm B will reduce its emissions of gunk by one ton c. firm B will buy a permit and emit one more ton of gunk, whereas firm A will reduce its emissions of gunk by one ton d. both firms will reduce their emissions of gunk by one ton e. both firms will go out of business
In the AD/AS diagram, what type of unemployment is shown by how close the economy is to the potential or full-employment level of GDP?
a. Natural b. Structural c. Cyclical d. Full