A usury ceiling will be effective depending on
a. whether the usury rate is above 10 percent.
b. whether the usury rate is above 8 percent.
c. whether that rate is below what the equilibrium rate of interest would have been in a free market.
d. how well organized the lending institutions are.
c
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When government decides to increase spending, interest rates generally ________ and this change in interest rates ________ investment spending
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases
In 1940, military spending amounted to roughly _____ of GDP; by 1943, it had risen to roughly ________ of GDP
a. 20 percent; 30 percent b. 2 percent; 40 percent c. 15 percent; 20 percent d. 1 percent; 25 percent
On May 12, 2011, it cost U.S. $1.44 to buy one euro. How many euros would U.S. $1 buy?
a. 0.69 b. 1.44 c. 1.69 d. 2.44
Refer to the information provided in Table 8.6 below to answer the question(s) that follow.
Table 8.6
Refer to Table 8.6. From the information in the given table,
A. the marginal cost curve intersects the average total cost curve between 3 and 4 units of output. B. the firm is in the long run. C. the difference between total cost and total variable cost decreases as output increases. D. the firm eventually experiences diminishing returns to its variable input.