Which of the following correctly describes an interest rate?
A) It is the portion of the payment to an input supplier in excess of the minimum amount necessary to retain the input in its present use.
B) It is paid by suppliers of loanable funds.
C) It equates the value of future and present consumption.
D) It is the price paid to purchase an asset.
Correct Answer:
Verified
Q49: Which of the following correctly describes economic
Q50: The more inelastic the labor supply curve:
A)the
Q51: As compared to a labor market without
Q52: What does the height of the supply
Q53: In the market for loanable funds,an increase
Q55: The value of economic rent _.
A)is directly
Q56: Payment to an input which is in
Q57: Use the following figure to answer the
Q58: The purpose of unions formed by workers
Q59: Which of the following correctly supports the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents