The reward for forgoing present consumption is
A) rent
B) profit
C) roundabout production
D) transfer payment
E) interest
Correct Answer:
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Q27: The reward offered to households to refrain
Q28: The marginal rate of return on investment
Q29: The difference between income and consumption is
A)rent
B)profit
C)saving
D)opportunity
Q30: If we assume that a unit of
Q31: Which of the following does not reflect
Q33: If Arnold has a positive rate of
Q34: Which of the following does not reflect
Q35: The interest rate compensates
A)bankers for their time
Q36: Interest is a payment for deferred
A)taxation
B)saving
C)consumption
D)investment
E)none of
Q37: If the annual interest rate is 5
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