Uniform Payments You just graduated. Congrats. You need a car to get to your new job at Intel. Uncle Guido is willing to loan you $9,000 for a car. He says he will take 6 equal annual payments at the end of the year and will charge you less than your credit card annual rate. He makes you a "most generous" offer of 200 basis points below the card rate of 20% per year. You have no idea what a basis point is but you figure it must be a pretty good thing. A. B. C. D. What is the annual interest rate Cash Diagram Calculate the Annual Payments Factor Notation

Q: Which of the following statements is accurate regarding economics?         Economics…

A: The objective of the question is to identify the accurate statement about economics among the given…

Q: what is the difference between a positive statement and a normative statement?

A: According to economists, there are two types of activities within an economy. On the one side, there…

Q: What good is economic theory if it can't predict the behavior of a specific individual?

A: The economic theory are the simplification of the economic realities which are used to make the…

Q: Economics is a discipline that is divided into two broad branches, which are they?

A: Economics, as a social science, concentrates on how individuals, states, firms, and nations make…

Q: Explain what consumer welfare in economics means

A: Economics deals with allocation of limited resources to maximise the welfare in the economy. It also…

Q: List the two branches of economics.

A: Economics  is the investigation of how people, associations, and state run administrations apportion…

Q: Economist Richard Thaler describes economics as the sum of two parts. What are these two parts?

A: Richard H. Thaler is an economist from the United States. Thaler is a researcher who specializes in…

Q: what is modern economics

A: In an economy, the study of interaction among people for the purpose of buying and selling…

Q: In which of the following ways is economics like other scientific fields?…

A: The objective of the question is to identify how economics is similar to other scientific fields.…

Q: Why will economics never be an exact science?          No sciences are exact.…

A: The question is asking why economics, as a field of study, cannot be considered an exact science.…

Q: Base on your understanding illustrate what is economics

A: Similar, to other social branches of social studies, such as politics, geography, and history,…

Q: Which three key questions do economists try to answer?

A: Economists try to solve various problems existing in the economy.

Q: The fundamental reason to study economics is to study ____.     how choices are made     how…

A: In the world, people has unlimited wants, but the resources to fulfill these wants are limited. It…

Q: If economics is a positive science, why do economists always disagree

A: Let’s see it with an example, suppose a nation has a high unemployment rate. The government…