Interest can be regarded as the
A) payment to entrepreneurs for incurring risk in the production of new goods.
B) rate that a lender receives for the use of the lender's loanable funds.
C) return earned by capital as an input in the production process.
D) dollar amount of loanable funds that a person borrows to invest in a capital good.
Correct Answer:
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Q9: As interest rates decrease, present values decrease
Q10: Pure economic rent can exist only when
Q11: Without savers, there would be no supply
Q12: Economist David Ricardo argued that land rent
Q13: The nominal interest rate is determined
A)by the
Q15: The nominal interest rate is determined in
Q16: The two ways in which the word
Q17: Suppose you borrow $1,000 today with the
Q18: According to Henry George, in his book
Q19: An artificial rent is an economic rent
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