Interest can be defined as
A) the amount of funds loaned to a creditor.
B) the participation of a shareholder in the operations of a firm.
C) the return paid to owners of capital.
D) the return above opportunity cost paid to owners of a firm.
C
Economics
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The government of Techland experienced a current account surplus of $0.4 billion during a certain year. What should be the balance in the financial account of Techland? Explain your answer
What will be an ideal response?
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If the absolute value of the price elasticity of demand for a product is 1.5, and the price of a product increased 30 percent, then the quantity demanded will decline by
A) 45 percent. B) 20 percent. C) 5 percent. D) 10 percent.
Economics