Which statement best explains why interest rates are important when saving money? A lower interest rate allows someone's debt to grow more quickly

The higher the interest rate the more cost to save money in a bank

The higher the interest rate helps someone's money grow larger over time

The lower the interest rate, the less it costs tk save money in a bank

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.

Which of the following is the best example of substitution? a. movie producers begin making more comedies because they cost less to make than action films. b. people walk out before the end of a movie because the acting and the plot are terrible. c. people at the movie theater switch from popcorn to candy because popcorn has gotten too expensive. d. more people begin going to matinee movies instead of night movies to save money on the tickets.