The term structure of interest rates describes the relationship between the rate of interest charged and the
a. length of time until repayment of the loan
b. amount of the loan
c. riskiness of the borrower
d. identity of the borrower
e. age of the lender
A
Economics
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According to economists, which of the following statements about international capital mobility is CORRECT?
a. International resource mobility has had no effect upon world GDP. b. International resource mobility has had a negative effect upon world GDP. c. International resource mobility has had a positive effect upon world GDP. d. International resource mobility has had such a small effect upon world GDP that it is not worth measuring.
Economics
Any increase in efficiency increases only profits of producers, with no increase in output
a. True b. False Indicate whether the statement is true or false
Economics