A. versatility and flexibility. B. rationality. C. pleasure or satisfaction. D. purposefulness

If $22,050 is the amount payable in two years for a $20,000 simple loan made today, the interest rate is

A) 5 percent. B) 10 percent. C) 22 percent. D) 25 percent.

Which of the following is NOT a normative standard for income distribution?

A) the productivity standard B) the egalitarian principle C) rewarding people according to merit D) All of the above are normative standards.