Examlex

Solved

The Greater the Elasticities of Supply and Demand, the Smaller

question 124

True/False

The greater the elasticities of supply and demand, the smaller are the gains from trade.


Definitions:

FICO Score

A score that summarizes the probability that a debtor will pay a debt and is a reliable way that creditors judge credit worthiness.

Interest

A fee paid on borrowed assets, usually calculated as a percentage of the principal.

Federal Direct Unsubsidized Loan

A federal student loan where the borrower is responsible for paying all the interest, regardless of the loan's status.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.

Related Questions