Which of the following is an example of a private good? A. an internet connection from a local cable company
B. a public website
C. positions in a free online game limited to 100 people
D. a personal computer used to access the internet

Which of the following statements accurately describes how costs and benefits are calculated?

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Arecession is defined as a period in which