You Are Interested in Purchasing a New Automobile That Costs

question 34

Multiple Choice

You are interested in purchasing a new automobile that costs $35,000.The dealership offers you a special financing rate of 6% APR (0.5%) per month for 48 months.Assuming that you do not make a down payment on the auto and you take the dealer's financing deal,then your monthly car payments would be closest to:

• A)$729.
• B)$822.
• C)$842.
• D)$647.

Distinguish between command-and-control and market-based policies for correcting externalities.

Understand the implications of corrective taxes and subsidies on economic efficiency and government revenue.

Understand the role and impact of patent protection in managing technology spillovers.

Comprehend the concept of externalities and their effect on market equilibrium, including positive externalities.

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Definitions:

Productive

The quality of being able to produce a substantial amount of goods, services, or crops efficiently and effectively.

Self-Disciplined

The ability to control one’s feelings, impulses, and actions, and to pursue goals with perseverance and determination.

Middle-Class Culture

Describes the values, norms, and practices of the middle class, often associated with economic stability, education, and manners.

Reform

The process of making changes to something in order to improve it, especially in social, political, or economic institutions or practices.