Other things equal, the interest rate on a loan will be smaller:
A. The greater the risk involved
B. The smaller the amount of the loan
C. The longer the length of the loan
D. If the loan interest is exempt from taxation
D. If the loan interest is exempt from taxation
Economics
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The fact that indifference curves are downward sloping
A) is not true. B) follows from the fact that more is preferred to less. C) follows from the property that the consumer likes diversity in his or her consumption bundle. D) follows from the property that consumption and leisure are normal goods.
Economics
As capital goods depreciate, the growth of labor productivity will increase
a. True b. False Indicate whether the statement is true or false
Economics