Which of the Following Would Be LEAST Effected by a Rapid

question 46

Multiple Choice

Which of the following would be LEAST effected by a rapid changes in interest rates?

• A) Auto dealers
• B) Hospitals
• C) Home builders
• D) All would be equally effected

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Definitions:

MRP Schedule

A document or chart illustrating the Marginal Revenue Product of labor, showing how much each additional unit of labor contributes to revenues.

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a certain price.

Supply

The total amount of a specific good or service that is available to consumers at a given time.

Usury Law

Legislation that imposes a maximum interest rate creditors can charge borrowers to protect consumers from excessively high rates.