Usury laws typically regulate
a. interest rates paid on savings.
b. interest rates charged on loans.
c. rents charged on land.
d. economic rent earned in all factor markets.
b
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Which of the following statements is false?
A) Within each country, some individuals are made better off as a result of international trade, but one of the countries will be worse off overall. B) Although some individuals may not be made better off as a result of international trade, both countries may be made better off overall. C) Each country as a whole is made better off as a result of international trade, but individuals within each country may be made worse off. D) Not all individuals in both countries are made better off as a result of international trade.
If the possibility of a default increases because corporations begin to suffer losses, then the default risk on corporate bonds will ________, and the bonds' returns will become ________ uncertain, meaning that the expected return on these bonds will
decrease, everything else held constant. A) increase; less B) increase; more C) decrease; less D) decrease; more
A _____ is when no one outcome can defeat all others by majority rule
a. cyclical majority b. single-peaked preference c. political business cycle d. political institution
The equilibrium price in the market for foreign currencies is called
a. The price b. The market price c. The exchange rate d. The going rate