When Ronald Takes Another Economics Class,other People in Society Benefit

question 235

Multiple Choice

When Ronald takes another economics class,other people in society benefit.The benefit to these other people is called the marginal ________ benefit of the class.

• A) social
• B) private
• C) external
• D) Coasian
• E) extra

---

Definitions:

Fixed-Rate Mortgage

A mortgage loan that has a fixed interest rate for the entire term of the loan, protecting borrowers from rising interest rates.

Principal Payments

Payments made on a loan that reduce the remaining balance of the principal amount borrowed.

Outstanding Balance

The outstanding balance is the amount of debt, or loan, that remains to be paid off.

Cash Flows

A reiteration emphasizing on multiple streams or instances of money being transferred into and out of a business or investment.