Which of the following is not an example of microfinance?
A. A loan to a small restaurant owner to buy a refrigerator.
B. A loan to a woman to buy a sewing machine to make clothes to sell.
C. A loan to a farmer for a goat that will give milk that the farmer can sell.
D. A loan to a U.S.-owned electronics company to expand overseas.
Answer: D
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The reason why economists do not use experimental data more frequently is for all of the following reasons except that real-world experiments
A) cannot be executed in economics. B) with humans are difficult to administer. C) are often unethical. D) have flaws relative to ideal randomized controlled experiments.
When a country's government budget deficit increases,
a. the real exchange rate of its currency and its net exports increase. b. the real exchange rate of its currency and its net exports decrease. c. the real exchange rate of its currency increases and its net exports decrease. d. the real exchange rate of its currency decreases and its net exports increase.
The relationship between the price of a good and the quantity people are willing and able to purchase is:
A) supply. B) demand. C) equilibrium. D) disequilibrium.
Exhibit 3A-2 Comparison of Market Efficiency and Deadweight Loss
As shown in Exhibit 3A-2, if the quantity supplied of good X per year is Q1, the result is a deadweight loss represented by area:
A. BEG. B. CBEFD. C. EGH. D. BEF.