Examlex
One effect of variable pay plans is to increase the competition among individuals. Which type of incentive is at work?
Interest Rate
The obligation, denoted as a percentage of the principal, incurred by borrowers for asset access from lenders.
Government Budget Deficit
The financial situation in which a government's expenditures exceed its revenues.
Loanable Funds
The resources available for borrowing, determined by the market for loans where savers supply funds and borrowers demand them.
Interest Rate
The cost of borrowing money or the return for investing money, expressed as a percentage of the amount borrowed or invested.
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