Compared to traditional bank loans, microfinance loans have all of the following characteristics except
A. they are much smaller.
B. they are made more frequently to women than to men.
C. they have repayments that begin at a much later date.
D. they require no collateral.
Answer: C
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Total utility is best defined as the
A. additional satisfaction received from consuming an additional unit of a good or service. B. maximum amount of satisfaction from consuming a product. C. change in marginal utility multiplied by the price of a product. D. total satisfaction received from consuming a good, service, or combination of goods and services.
Which of the following factors will NOT increase economic development?
A) establishing a system of property rights B) increasing the amount of protectionism C) increasing the amount of education in the population D) creative destruction where old jobs, companies and industries are destroyed
President George W. Bush used part of the budget surplus inherited from the Clinton administration to:
A. fund tax cuts. B. stimulate the economy that was slowing down following the end of the high-tech investment boom. C. increase government entitlement spending. D. both fund tax cuts and stimulate the economy that was slowing down following the end of the high-tech investment boom.
An decrease in demand is represented by a
A) shift of the demand curve to the left. B) shift of the demand curve to the right. C) movement down the demand curve. D) movement up the demand curve.