ch 18 microeconomics

Which of the following resources is a "free and nonreproducible gift of nature"?

Other things equal, the interest rate on a loan will be smaller,

YearBeginning Period ValueTotal InterestEnd Period Value1$1,000$60$1,0602$1,060AB3CD$1,191

Refer to the table representing Darcy's bank account. Assuming that $1,000 was deposited into her account at the beginning of year 1 and no further deposits or withdrawals were made, what interest rate is being paid on Darcy's account?

If the interest rate is 15 percent, what is the future of value of $10,000 two years from now?

The supply of loanable funds is an upward-sloping curve because the

Other things equal, interest rates are

The value today of a specific sum of money to be received in the future is referred to as

In year 1 the price level is constant and the nominal rate of interest is 6 percent. But in year 2 the inflation rate is 3 percent. If the real rate of interest is to remain at the same level in year 2 as it was in year 1, then in year 2 the nominal interest rate must

Suppose that interest payments are $140 per year on a $1,000 loan and $1,188 per year on an $8,485 loan. The interest rates on the two loans are

The supply curve for a productive resource wherein price provides an incentive function is

Economic ______________ refers to the price paid for the use of land and other natural resources whose supply is fixed.

This ____________ value refers to today's value of some amount of money that is to be received sometime in the future.

This _______________ state law specifies the maximum legal interest rate at which loans can be made.

This _____________ interest rate is expressed in terms of annual amounts currently charged for interest and not adjusted for inflation.

This ____________ costs refers to the monetary income a firm sacrifices when it uses a resource it owns rather than supplying the resource in the market.