Jim bought a new boat for $19,000. He paid $4000 for the down payment and financed the rest for 3-years at an interest rate of 10%. Find the monthly payment for the amortized loan, and find the total interest paid on the loan. Assume that all interest rates are annual rates. A) $470.10;

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?

The hypothetical country of eurica is experiencing severe competition to its domestic auto industry in the form of foreign imports. many jobs are threatened. eurica places a 25 percent tariff on the price of imported cars. this type of tariff is known as a(n) tariff.