In the United States, the money for loans to businesses comes mainly from
a. corporate profits.
b. the federal government.
c. savings held in lending institutions.
d. state and local governments.
c
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Answer the next question on the basis of the following four tax schedules for the given base of taxable income.IncomeTax ATax BTax CTax D$10,000$650$1,000$500$1,00020,0008502,0001,0003,00030,0009504,0001,5006,00040,0001,0506,0002,0009,500Which of the above tax schedules is a proportional tax schedule throughout?
A. Tax A B. Tax B C. Tax C D. Tax D
Industrial entrepreneurs like J.P. Morgan, Henry Ford and Andrew Carnegie were driven by desires to earn profits. In the process of pursuing these profits, American consumers were made better off
Indicate whether the statement is true or false
As the economy moves down and to the left along a short-run aggregate supply curve, it: a. moves up and to the right along the short-run Phillips curve. b. moves up and to the left along the short-run Phillips curve
c. moves down and to the left along the short-run Phillips curve. d. moves down and to the right along the short-run Phillips curve.
In the Cournot model, when a new firm begins production it assumes its demand curve is
A. the market demand plus the amount the other firm is selling. B. the same as the competing firm's demand curve. C. one-half of the competing firm's demand curve. D. the market demand less the amount the other firm is selling.