Which of the following is not an example of microfinance?
A. A loan to a bakery for a machine to mix dough.
B. A loan to an executive for a retirement home.
C. A loan to a small farmer for fertilizer.
D. A loan to a restaurant owner for an indoor grill.
Answer: B
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Trade restrictions like tariffs and quotas will
What will be an ideal response?
It is impossible for total utility to be ________ when marginal utility is ________.
A. increasing; decreasing B. positive; negative C. decreasing; positive D. increasing; increasing
Which of the following is true of a perfectly contestable market?
A. P > MC and P < ATC B. P < ATC C. P = MC D. P > MC
If the cost of your gasoline purchases decrease from $150 per month to $80 over a period of one year due to lower prices and your income decreases from $1,600 per month to $1,500 per month, your nominal income has
A. Increased, but your real income has remained the same. B. Decreased, but your real income has increased. C. Increased, but your real income has decreased. D. Increased, and your real income has increased.