If the Interest Rate on Saving Is 5 Percent Per

question 145

Multiple Choice

If the interest rate on saving is 5 percent per period, then the true opportunity cost of being paid $100 next period instead of this period is

• A)$5.
• B)$105.
• C)less than $5 if people suffer from a "defective telescopic faculty."
• D)more than $5 if people suffer from a "defective telescopic faculty."

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Definitions:

Prostate Gland

A gland in males surrounding the neck of the bladder and urethra, involved in the production of seminal fluid.

Semen

A fluid that is emitted from the male reproductive tract and contains sperm.

Acidic

Solution containing more than 10–27 mol of hydrogen ions per liter; has a pH less than 7.

Vasoconstriction

Decreased diameter of blood vessels.