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New engineering graduate student who started a consulting business borrowed money for 1 year to buy necessary equipment and furnishings. The amount of the loan was $16,000, and it had an interest rate of 11% per year. Because the new graduate student did not have a credit history, the bank made him buy loan default insurance at the cost of 5% of the loan and charged a loan origination fee of $300, both paid up front. What was the effective interest rate that the engineer paid for the loan?
Construct a PPF for a country that produces food and video games and faces increasing opportunity costs. Show how the PPF changes given the following events.
Explain the difference between microfinance and microcredit. Discuss in detail the role of microfinance in help the poor to improve their living standard.
The GDP deflator in 2000 is 100. The GDP deflator in 2010 is 127. If real GDP in 2000 is $10 trillion and nominal GDP in 2010 is $14 trillion, how much has real GDP grown over that time period?
Should innovation activities be linked to our efforts to develop a strategic advantage or should innovation efforts be experimental with an objective of finding products or services that may be profitable at some indefinite point?
A state government wants to provide incentives for single parents to enter the labor market and become engaged.
The basic difference between explicit and implicit costs is
Which of the following is NOT a characteristic of a perfectly competitive market? Recall the Application called "Wireless Women in Pakistan." What makes the wireless telephone market in the US NOT perfectly competitive? Recall the Application called ..
Which of the following is NOT an example of a demand shift? a. A promotion at works leads to increased spending on vacation travel. b. A shoe store sale leads to higher demand for its shoes. c. A safety recall of the Honda Prius leads to lower deman..
The Black Ash Steel Company's plant belches large quantities of noxious fumes and black ash into the air. Residents in the surrounding area have higher medical bills because of Black Ash's pollution. These additional medical costs represent
q1. what is the rationale behind the mini-max regret rule? illustrate several less formal and precise methods of
Compute cumulative benefits per stage Compute cumulative patients per stage Graph the cumulative benefits curve Which variable represents marginal benefits per stage? C
What Marx called "underconsumption" is very similar to Keyne's concept of
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