The quantity of funds supplied by lenders is:
a. directly related to the rate of interest
b. inversely related to the rate of interest.
c. unrelated to the rate of interest.
d. first increases and then decreases with the rate of interest.
a
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Which of the following best describes chattel slavery?
(a) It provided protected property rights to the slaves. (b) It offered property rights to the slave owners. (c) It involved the establishment of a voluntary contract between slave and slave owner. (d) It created wealth for the slave and slave owner.
Under perfect competition, the market mechanism, without any government regulation, is capable of
A. allocating resources efficiently. B. solving equity problems. C. making the average cost of labor equal to the average cost of all commodities. D. making more income available to the poor.
The larger the expansionary gap, the greater the pressure on what?
a. exchange rate b. real wages c. price level d. interest rates
Individuals in a market economy can be both buyers and sellers.
Answer the following statement true (T) or false (F)