The greater the risk of nonrepayment of a loan, other things being equal
A) the longer is the repayment term.
B) the lower is the charged loan fees.
C) the higher is the rate of interest.
D) the smaller is the amount of collateral that is used.
Answer: C
Economics
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Colin spends his income of $100 per week on two goods: pizzas (which cost $8 each) and milk (which costs $1 per gallon)
At his current level of consumption, the marginal utility from the last pizza consumed is 32 and the marginal utility from the last gallon of milk is 4 . Is Colin maximizing his utility? Why or why not? If not, what should Colin do to achieve a higher level of utility?
Economics
Deflation will
A) increase the quantity of real GDP demanded. B) decrease aggregate demand. C) increase aggregate demand. D) decrease the quantity of real GDP demanded.
Economics