If Jen takes out a $2,000 loan for one year at 10 percent interest annually, the price she will pay for borrowing is:
A. $200.
B. $2,000.
C. $2,400.
D. $2,200.
Answer: A
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The _____ model is designed to model corner solution dependent variables.
A. linear probability B. logit C. probit D. Tobit
The market value of final goods and services produced within a country during a period of time is called:
A. government documented production. B. guaranteed direct prices. C. gross domestic product. D. general domestic productivity.
When a unit tax is placed on demanders ____
a. it will be paid entirely by demanders if the demand curve is elastic b. it will have the same effect as a similar unit tax placed on suppliers c. they will pay a larger share than if it was initially placed on suppliers d. they will pay a smaller share than if it was initially placed on suppliers
In an economy, spending by households for the purchase of goods and services is called investment
a. True b. False Indicate whether the statement is true or false