Which of the following is true?
a. Borrowers take bigger risks with their money than they would with other peoples' money
b. Borrowers take bigger risks with other peoples' money than they would with their own
c. Borrowers take big risks on investments regardless of whether it is their own money or not
d. Borrowers should not be investing at all
b
Economics
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What is an example of a variable cost in a major league baseball franchise?
a) stadium rent b) manager's salary c) stadium maintenance d) ticket-takers' salaries
Economics
The quantity theory of money predicts how changes in
A) the price level affect nominal GDP. B) the price level affect real GDP. C) the quantity of money affect the price level. D) real GDP affect the nominal GDP.
Economics