Are bank lines of credit to small firms collateralized?
A) All of them are.
B) Some of them are, especially if the firm is risky.
C) Some of them are, especially if the firm is safe.
D) None of them are.
B
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Government-imposed quantity restrictions
A) generate a higher price for the good than would prevail under freely competitive markets. B) generate a lower price for the good than would prevail under freely competitive markets. C) does not affect the price of the good because quantity restrictions always ban sale of the good completely. D) can cause prices to either be higher or lower, but always cause excess quantities supplied to develop.
In response to the deep economic downturn in the US in 2008 and 2009, the US
a. reduced taxes. b. increased government spending. c. increased the supply of money. d. All of the above are correct.
A consumer chooses an optimal consumption point where the
a. marginal rate of substitution is maximized. b. slope of the indifference curve exceeds the slope of the budget constraint by the greatest amount. c. ratio of the marginal utilities equals the ratio of the prices. d. All of the above are correct.
Which of the following is correct? Since 1950
a. U.S. exports and U.S. imports each about doubled. b. U.S. exports and U.S. imports each about tripled. c. U.S. exports about doubled and U.S. imports about tripled. d. U.S. exports about tripled and U.S. imports about doubled.