If the rate at which one can borrow loanable funds is fixed at 8 percent, the marginal factor cost of employing 8 units of loanable funds is
a. zero
b. 64 percent
c. 8 percent
d. 1 percent
e. unable to determine with this information
C
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Suppose the current account of a country is initially in balance. A new transaction occurs so that the current account is now in surplus. Official reserve balance is maintained before and after the transaction occurs. From this, we know that
A) the balance of trade is now in surplus. B) the balance of goods and services is now in surplus. C) the capital account is now in deficit. D) the government must make official reserve transactions.
Which of the following is true?
a. The earnings differential between men and women who never married is considerably smaller than the differential between married men and married women. b. After adjusting for education, age, language, and location, the earnings of women are almost identical with the earnings of men. c. Between 1980 and 2000 . the female/male annual earnings ratio of full-time workers was virtually unchanged. d. The hourly earnings of women were approximately 60 percent of their male counterparts in 2009.