Since people's incomes are limited and their abilities to borrow differ they face _____ constraints
a. psychological
b. financial
c. societal
d. contractual
B
You might also like to view...
When a banking system provides people with immediate access to their deposits, but allows banks to loan out part of its reserves, it is known as the
a. excess reserve system b. excess demand deposit system c. fractional reserve system d. legal required reserve system e. multiple banking system
Outline the possible work disincentives created by anti-poverty programs. Is there a way to solve this problem without causing other forms of inefficiency to arise? Explain your answer
A shift of the U.S. demand curve for Mexican pesos to the left and a decrease in the pesos price per dollar would likely result from:
A. an increase in the U.S. inflation rate relative to the rate in Mexico. B. a change in U.S. consumers' tastes away from Mexican products and toward products made in South Korea, India, and Taiwan. C. U.S. buyers perceiving that domestically-produced products are of a lower quality than products made in Mexico. D. a decrease in the supply of pesos.
A schedule of amounts of a good that people will purchase at various prices during a specific time period holding other factors constant is
A) a market. B) supply. C) demand. D) the market clearing price.