« previous next »

Author Question: The market price of a factor of production that is in fixed supply is determined only by demand. ... (Read 179 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
The market price of a factor of production that is in fixed supply is determined only by demand.
 
  Indicate whether the statement is true or false

Question 2

Imagine that you borrow 1,000 for one year and at the end of the year you repay the 1,000 plus 100 of interest. If the inflation rate was 7, what was the real interest rate you paid?
 
  A) 17 percent B) 10 percent C) 7 percent D) 3 percent
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Liddy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

The heat range of a spark plug is determined by the distance the heat has to flow from the tip to ... The heat range of a spark plug is determined by the distance the heat has to flow from the tip to ...
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
How to completely factor quadratics How to completely factor quadratics
Ethylene Production During Strawberry Ripening Ethylene Production During Strawberry Ripening
F factor excision from Hfr integration F factor excision from Hfr integration
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library