You are asked to lend a friend $10,000 for a year. At the end of the year your friend agrees to pay you $10,500. The interest rate on this loan is
A. 0.05%.
B. 5.0%
C. 105%.
D. indeterminate from this information.
Answer: B
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If a firm operates in a imperfectly competitive market, it may be able to price its products in local currencies above world prices for their goods. This is called
A) pricing to market. B) trade war. C) trade stickiness. D) price gauging.
Net domestic product is
A. The market value of all final goods and services produced in the economy after adjusting for depreciation. B. Equal to GDP minus indirect business taxes. C. The total market value of all goods produced in the period. D. Equal to national income minus depreciation.
What is meant by bargaining power? What are the two factors that determine an individual's bargaining power?
What will be an ideal response?
Refer to Table 9-7. Fill in the following table with the opportunity costs of producing handbags and jackets for Cambodia and Thailand
Handbags Jackets Cambodia Thailand