The greater is the risk of non-repayment of a loan, the

A) higher is the expected rate of interest.
B) longer is the expected time to repay the loan.
C) lower is the handling charges for the loan.
D) lower is the expected rate of interest.


Answer: A

Economics

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If a firm in the long run produces less than its efficient scale, it

A) should raise its markup to increase its profit. B) should lower its markup to increase its profit. C) cannot be a perfectly competitive firm. D) should not advertise to increase its profit. E) must have its markup equal to zero.

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Refer to Figure 4-3. What is the total amount that Kendra is willing to pay for 1 ice cream cone?

A) $0.50 B) $3.50 C) $9.00 D) $13.50

Economics

Peak-load pricing suggests that some prices are a function of

A) extensions. B) time. C) costs. D) constant elasticities.

Economics

Despite their fantastic employment gains, African American men earn ____% of what white men earn.

A. 65 B. 55 C. 60 D. 76

Economics