I believe the answer is: A. the interest rate on your loan will be fixed over time
.
There are two things that separate a student loan with any other type of loan. The first one is that there is no time limit of when the student loan must be paid. The second one is that unlike any loan, student loan would not dissapear even if you declare a personal bankruptcy.
A monopoly is a market for a good or service that wants to take over another company.
Answer:
C. Encourage research
Explanation:
If a drug company discovers a new drug , it can apply for availing a patent for the same which shall grant it exclusive right to produce and sell the drug in the market for several years.
In such cases, the government tests such drugs if those are genuine before approving such a patent which creates the situation of a monopoly whereby the pharmaceutical company becomes the single seller of such drugs.
The purpose behind creation of such sort of monopolies being, this serves as an incentive or the encouragement for such pharmaceutical companies to carry out extensive research and thereby discover new drugs whose discovery would ultimately lead to common welfare.
Answer:
97 days
Explanation:
In simple interest method, the interest is calculated by the following formula
I= P x R x T
I= interest
P = principal amount
R =interest rate
T= Time
In this case
I=$16
P=$1500$
R= 4% or 0.04%
T= time
$16= $1500 x 0.04 x Time
$16 =60 x Time
Time = 16/60
time = 0.2666 year.
time in days = 0.26666 x 365 days
=97.333 days
=97 days
Answer: D. decreases by less than $100 billion because the tax multiplier is negative
Explanation:
If the Government were to increase taxes then it would reduce the amount of money for spending (disposable income) that people have to be able to buy goods and services.
As a result they will buy less goods and services but this would be less than the $100 billion tax imposed on them because the effect of the tax multiplier is negative.
Tax Multiplier = -Marginal Propensity to Consume / (1 - MPC)
