Which statement is the most accurate?
A. Usury laws may hurt the very people they are intended to help by creating a shortage of loanable funds.
B. Usury laws, which were enacted in biblical times, were abolished by the Middle Ages.
C. Usury laws are opposed by most borrowers.
D. Usury laws help enforce the law of supply and demand.
A. Usury laws may hurt the very people they are intended to help by creating a shortage of loanable funds.
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Lower marginal tax rates facilitate a higher return to innovative and risk-taking behavior
a. True b. False
In the case of a private good, which of the following forms of economic organization will result in the strongest incentive for consumers and producers to economize?
a. The good is produced privately and taxes are used to provide it to consumers free of charge. b. The good is produced privately and consumers purchase it with their own money. c. The good is produced by government enterprises and the cost of its production is covered by taxes. d. The good is produced by government enterprises and consumers purchase it with their own money.
The study of economics
A. is a very narrow endeavor. B. is a way of analyzing decision-making processes caused by scarcity. C. focuses on how a business should function. D. is concerned with proving that capitalism is better than socialism.
In the equation of exchange, "PQ" stands for
A) GDP. B) Real GDP. C) nominal investment. D) real investment.