The real interest rate is the annual percentage amount of money that is earned on a sum loaned or deposited in a bank
a. True
b. False
Indicate whether the statement is true or false
False
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The demand curve for hotel rooms is Q = 1100 - 2P. If the price of a hotel room is $50, then the price elasticity of demand for hotel rooms is
a. -0.1 c. -10 b. -1.0 d. zero
The debt service ratio is the ratio of
(a) external debt to the size of the service sector. (b) external debt to total GNP. (c) internal debt to the size of the service sector. (d) internal debt to total GNP. (e) none of the above.
The process of achieving a quality of life in a country that is comparable to that found in a modern economy is called ________
A) economic development B) economic modernization C) comparative advantage D) industrial growth
Hiring Tech Support Collin County Community College (CCCC) has an ongoing problem that the electronic equipment in their classrooms and computer labs keeps malfunctioning and the repairs that are made seem to cause problems with some other aspect of the
equipment. Due to its bureaucratic structure, CCCC has a hiring preference for their own students and it is only allowed to pay $15 per hour when the going rate is closer to $18 per hour. How does this contribute to CCCC's equipment problems?