Setting up a hub-and-spoke distribution towards inventory and retail delivery is an example of
A. reduced consumer transactions cost.
B. reduced producer transactions cost.
C. increased consumer transactions cost.
D. increased producer transactions cost.
Answer: B
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If the real interest rate is 8 percent and the inflation rate is 2.5 percent, then the nominal interest rate is
A) 8 percent. B) 10.5 percent. C) 3.2 percent. D) 2.5 percent. E) 5.5 percent.
Which of the following is a fixed cost to farmer McDonald?
a. gasoline b. fertilizer c. insurance d. seed
About one out of every _________ Hispanics is poor.
Fill in the blank(s) with the appropriate word(s).
If in a closed economy Y = $11 trillion, which of the following combinations would be consistent with national saving of $3 trillion?
a. C = $8 trillion, G = $3 trillion b. C = $13 trillion, G = -$1 trillion c. C = $9 trillion, G = $5 trillion d. C = $7 trillion, G = $1 trillion