In the 1980s, banks responded to the loss of loans to the commercial paper market by increasing loans to all the following except
A) less creditworthy businesses.
B) commercial real estate loans.
C) loans to less-developed countries.
D) large corporations.
D
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Why does the production possibilities frontier have a bowed out shape rather than being a straight line?
What will be an ideal response?
For firms that sell one product in a perfectly competitive market, average revenue is:
A. calculated by total revenue divided by total output. B. equal to marginal revenue. C. equal to the market price. D. All of these are true.
Crowding out occurs when:
a. an increase in private spending results in a decrease in government deficit. b. an increase in private spending results in an increase in government deficit. c. government deficit spending results in less private spending d. government deficit spending results in more private spending.
Transfer payments are payments to individuals for which nothing is currently rendered in return.
Answer the following statement true (T) or false (F)