In the textual example, Muhammad Yunus was highly successful in his use of applying social incentives through group responsibility in order to maximize loan repayment rates. This success created an incentive for other banks to:
A. offer similar loans to the poor.
B. go out of business.
C. seek government action to ban group responsibility lending.
D. avoid catering to a high risk group.
A. offer similar loans to the poor.
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All of the following actions are potential rule -of-reason violations except which one?
A) an exclusive dealings contract with a customer B) an agreement with a competitor firm to not sell to a particular customer C) an agreement with a customer about the markets in which the customer is allowed to resell the product D) an agreement with a customer about the resale price the customer will charge for the product
Lower taxes on businesses will shift the aggregate:
a. demand curve rightward. b. demand curve leftward. c. supply curve rightward. d. supply curve leftward.
A demand relationship in which the quantity demanded changes exactly in proportion to the change in price is
A) elastic.
B) unit-elastic.
C) inelastic.
D) consistent with zero elasticity.
An increase in the growth rate of nominal GDP would be displayed in our model as:
A. a parallel shift of the AD curve outward. B. the AD curve becoming steeper. C. a parallel shift of the AD curve inward. D. the AD curve becoming flatter.