Loans made between borrowers and lenders are:
A. usually not taxable at the federal level.
B. legal only in the state of origination.
C. assets of the borrowers.
D. assets of the lenders.
Answer: D
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Which of the following will increase the break-even quantity?
a. A decrease in overall fixed costs b. A decrease in the marginal costs c. A decrease in the price level d. An increase in price level
In a market characterized by a single seller and many buyers, when is it profitable to increase the value of a product by incurring fixed costs?
To expand the money supply the Fed could lower the required reserve ratio, lower the discount rate, or purchase government securities
Indicate whether the statement is true or false
Which of the following is generally accepted as a valid criticism of the production of useful goods and services?
A. government involvement B. the black market C. environmental pollution D. economic freedom