The price of borrowing is known as the:
A. equilibrium price.
B. transaction cost.
C. interest rate.
D. None of these is true.
Answer: C
Economics
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The economic principle that states that individuals or nations can gain by specializing in the production of goods that they produce cheaply and exchanging for other desired goods that they could only produce at a higher cost is
What will be an ideal response?
Economics
Tie-in sales:
A. are legal under the Clayton Act. B. are the same as predatory pricing. C. were banned under the Hart-Scott-Rodino Act. D. are contracts that prevent purchasing one good without purchasing another.
Economics