The constitutional right to enact usury laws in the United States
a. results in excessive interest paid by borrowers
b. represents a price floor for borrowed money
c. reinforces our belief in the market system
d. still belongs to state governments
e. does not exist
D
You might also like to view...
Why do oligopoly firms find it difficult to cooperate and not cheat on a cartel agreement?
What will be an ideal response?
Refer to Figure 5-2. The deadweight loss due to the externality is represented by the area
A) abc. B) abd. C) abf. D) ade.
For Figure 6.9 in the book, MRTS = K/(4L) with capital (K) on the vertical axis of the isoquant map. Suppose L=100 hours and K=400 machine hours at the current level of output
How much additional labor is required to maintain output if we reduce capital by one machine hour? A) One hour B) Two hours C) Three hours D) Four hours
What are the functions for MC and AC if TC = 20q + 10q2?
A) MC = 20q; AC = 10q2 B) MC = 20 + 20q; AC = 20 + 10q C) MC = 20 + 10q; AC = 10 + 10q2 D) MC = 20 + 20q; AC = 10q