Loans that are secured against an asset:
A. generally have lower interest rates.
B. generally have higher interest rates.
C. are much longer in length than unsecured loans.
D. are much shorter in length than unsecured loans.
A. generally have lower interest rates.
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For the monopoly shown in the figure above, the economic profit is
A) $0. B) $10. C) $40. D) $100.
Suppose you buy an iPod for $100 . If your consumer surplus is $30, your willingness to pay is $70
a. True b. False Indicate whether the statement is true or false
Males major in engineering much more frequently than females. Starting salaries for engineers (male or female) are much higher than average. As a result, the observed gender wage gap for all college graduates will be ________ than the gender wage gaps in specific majors because ________.
A. smaller; males and females choose different majors B. larger; of employer discrimination C. larger; males and females choose different majors D. larger; of academic discrimination
Economic models are:
A) created and used in order to duplicate virtually every aspect of the real world. B) useless if they are simple. C) made generally of wood, plastic, and/or metal. D) built using assumptions.