Usury is considered the charging of
A. higher interest rates than people are willing to pay.
B. lower interest rates than people are willing to pay.
C. unconscionably high interest rates.
D. extremely low rates of interest.
C. unconscionably high interest rates.
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Wanda Rumble promotes boxing matches. She makes $6,500 per fight. Which cost is most relevant to a decision as to whether to promote one more fight?
a. the total cost of promoting all boxing matches during the year b. the marginal cost of promoting one additional boxing match c. the average fixed cost of promoting a boxing match d. the average total cost of promoting a boxing match
A firm's total cost of production is
a. the owners' opportunity cost b. labor costs plus the cost of materials c. the payments for its inputs d. depreciation plus payments for inputs e. taxes plus depreciation plus payments for inputs
Which of the following is true? If a central bank runs out of reserve assets, then:
a. Actually, it is impossible for a nation to run out of reserve assets because the central bank could always print more money to increase it. b. It cannot intervene in the foreign exchange market to raise the value of the nation's currency. c. It must fix its exchange rate to a strong currency because the central bank can no longer allow the currency to fluctuate. d. The central bank must borrow from its Treasury to increase the nation's reserve assets. e. It cannot intervene in the foreign exchange market to lower the value of the nation's currency.
If the CPI is 100 in the base year and 108 in the current year, how much did prices rise between the base year and the current year?
A) 8 percent B) 108 percent C) 1.08 percent D) 0.08 percent E) ?80 percent