Which term was not defined in the International Monetary Fund's Articles of Agreement but was intended to apply to countries that had suffered permanent adverse shifts in the demand for their products?

A. Competitive disadvantage

B. Capital flight

C. Fundamental disequilibrium

D. Break-even point

E. Diseconomies of scale

C

Business

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If demand hardly changes with a small change in price, the demand is ________

A) variable B) inelastic C) highly elastic D) derived E) negative

Business

If we borrowed $10,000 on a line of credit September 1, and the bank charges 12 percent per

annum, compounded daily, the interest due on October 1 is approximately A) $33.80. B) $40.00. C) $98.63. D) $100.00.

Business