Which of the following is true?
A) An outstanding credit card balance is an asset that adds to your personal wealth.
B) Interest rates charged by credit card companies are generally high because the loans are unsecured.
C) The power of compound interest benefits those with outstanding credit card balances.
D) An unused balance on your credit card is like money in the bank.
B) Interest rates charged by credit card companies are generally high because the loans are unsecured.
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The long run is the period of time during which: a. real wage is exactly equal to nominal wage. b. inflation is zero
c. excess aggregate demand leads to a shortage. d. real wages are constant. e. all resource prices can be varied.
From a purely economic point of view, discrimination exists when
A. black teenagers earn more than white teenagers. B. all factors are earning average products. C. women earn less than men. D. equivalent factors earn different payments for equal contributions to output.