The real rate of interest is the interest rate:
A. charged on long-term government bonds.
B. associated with a riskless loan.
C. that large commercial banks charge their best customers.
D. after adjustment has been made for inflation.
Answer: D
Economics
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Suppose 100 citizens each derive marginal benefit from submarines according to the function MB = 10 - Q. If subs cost $100 each to produce, what is the efficient quantity of submarines?
What will be an ideal response?
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When a nation totally bans trade with another country, it is imposing a(n):
a. tariff. b. embargo. c. quota. d. none of these.
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