Compound interest is:
A. the payment of interest on the original deposit.
B. the payment of interest on both the original deposit and all accumulated interest.
C. the interest rate adjusted for the rate of inflation.
D. the real rate of interest compounded by the rate of inflation.
Answer: B
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A) Trade creation B) Trade diversion C) Trade exclusion D) Trade distortion
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A. is producing at the most-desirable point on the production possibility frontier. B. is producing at a point outside the production possibility frontier. C. is experiencing economic growth. D. is producing at a point on the production possibility frontier but not necessarily at the most-desirable point.