Usury laws carry the potential of hurting
A. borrowers.
B. lenders.
C. borrowers and lenders.
D. government.
Answer: C
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In the long-run, a perfectly competitive firm will leave the market if it is unable to cover all of its fixed costs
a. True b. False Indicate whether the statement is true or false
Bondholders are not indifferent when a company sells more bonds
Indicate whether the statement is true or false
Adam Smith noted in 1776 that
A. the wealth of nations comes from the money the nations have accumulated. B. the wealth of nations comes from the gold the nations have accumulated. C. the wealth of nations comes from the resources that produce the nation's goods and services. D. the problem of scarcity had been licked.
Total surplus equals:
A. consumer surplus + producer surplus ? deadweight loss. B. consumer surplus ? producer surplus ? deadweight loss. C. consumer surplus ? producer surplus + deadweight loss. D. consumer surplus + producer surplus.