Which of the following is a consequence of extending the payback period of a student loan from 10 to 30 years?
A) higher monthly payments
B) more interest paid over the life of the loan
C) faster payoff of principal
D) lower monthly payments initially, but higher monthly payments in the future
B
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In the economic way of thinking, a productive service is
A) a meritorious service. B) something of clear value to anybody in society. C) an activity that enables people to obtain something for which they are willing to pay. D) all of the above. E) none of the above.
The incentive to work is an ingredient of the negative income tax because:
A. if families do work, they will be eliminated from the program. B. if families don't work, they will be eliminated from the program. C. the more income earned in the workplace, the higher the family's after-tax income. D. the more income earned in the workplace, the higher the payment from the government.