Laws that set maximum legal interest rates are called _____.
Fill in the blank(s) with the appropriate word(s).
usury
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An increase in the price of sodium carbonate, a chemical compound used in detergents, will:
a. increase the quantity of detergents demanded. b. decrease the quantity of detergents demanded. c. decrease the demand for detergents. d. increase the demand for detergents.
A radio manufacturer is experiencing theft problems at its warehouse and has decided to hire security guards to reduce the thefts. The firm wants to minimize the net cost of warehouse thefts. Given the above info, if the cost of a stolen radio is $25, what is the MOST the firm would be willing to pay to hire the first security guard?
A. $200 B. $250 C. $750 D. $500
How does the multiplier for a change in government spending compare to the multiplier for a change in taxes?
A. It is smaller. B. It is the same. C. It is larger. D. It cannot be calculated.
If a firm that makes $5 profit per box of cigars pays Rush Limbaugh $1,000,000 to endorse their cigars, then to make the endorsement pay off they must sell at least:
A. $2,000,000 more in cigars. B. $20,000 more in cigars. C. 20,000 more boxes of cigars. D. 200,000 more boxes of cigars.