The savings of individuals or corporations within a country is called:
A. private savings.
B. public savings.
C. national savings.
D. real GDP.
A. private savings.
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Which of the following is NOT true of a fixed payment loan?
A) The borrower is required to make regular periodic payments to the lender. B) The payments made by the borrower include both interest and principal. C) The borrower is left with a substantial unpaid principal at the maturity of the loan. D) A home mortgage is an example of fixed payment loan.
"All Americans should have access to health care" is an example of
A) a positive statement. B) a microeconomic argument. C) a factual statement. D) a normative statement.
The amount of revenue the government collects after imposing the tariff is ________.
A. $1,000 B. $40,000 C. $10,000 D. $4,000
Recall the Application about the wireless phone service provided by thousands of entrepreneurial women in Pakistan to answer the following question(s).Recall the Application. What makes the wireless telephone market in Pakistan perfectly competitive?
A. There are many buyers and many sellers B. Any entrepreneur who invests $310 can enter the market. C. Wireless phone calls are a standardized product. D. All of these are correct.