A bank charges one borrower (A) 8 percent interest per year and another borrower (B) 10 percent interest per year. Which of the following is a plausible reason for the higher interest rate for B?
A. A is borrowing the money for a longer period than B
B. A is borrowing a larger amount than B
C. B is using the money for a less risky project than A
D. B has a better credit rating than A
B. A is borrowing a larger amount than B
Economics
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The variable measured on the y-axis increases whenever the variable measured on the x-axis increases. As a result, the relationship between the variables will
A) be negatively sloped. B) have a slope of zero. C) be a vertical line. D) be none of the above.
Economics
Refer to Figure 5-13. The efficient equilibrium price of gasoline is ________ per gallon
A) $3.00 B) $3.75 C) $4.25 D) $5.00
Economics