Interest is most fundamentally a measure of
A) the cost of money.
B) the scarcity of money.
C) the greater subjective value of present over future goods.
D) all of the above.
E) none of the above.
C
Economics
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Which of these is an example of a good with elastic supply?
a) large hand-made rugs b) plums c) sandwiches d) passenger airplanes
Economics
Refer to the diagrams. At the profit-maximizing level of employment for this firm, the amount available to pay to nonlabor resources:
A. is 0abc.
B. is 0Wbc.
C. is Wab.
D. cannot be determined.
Economics