Banks require collateral for loans in order to
A) ensure that borrowers have significant amounts of their own funds invested in their businesses.
B) charge higher interest rates on loans.
C) reduce their tax liability on the interest they collect on loans.
D) reduce the total amount they are obliged to lend to any one borrower.
A
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When the price level_______, the inflation rate ______
A. rises rapidly; increases B. rises rapidly; is high C. falls; is zero D. rises slowly; falls
Refer to Table 2-20. What is Thailand's opportunity cost of producing one wristwatch?
A) 0.05 pounds of rice B) 20 pounds of rice C) 25 pounds of rice D) 60 pounds of rice
One challenge associated with command-and-control regulations is that once a company meets an environmental standard, there is:
a. always another one to meet. b. no way to enforce further compliance. c. no incentive to exceed it. d. a production cost that the government must pay.
In September 2010, the NBER's Business Cycle Dating Committee decided that the recession that began in December of 2007 had ended and that the lowest point of production was July of 2009. The NBER does not use a popular definition of recession-two quarters of falling GDP-but looks at a variety of monthly statistics to date business cycles.What is the NBER?
A. National Board of Economic Recovery, part of the Department of Commerce B. National Budget Estimation Review, part of the Congressional Budget Office C. National Business Education Roundtable, part of the Federal Reserve D. National Bureau of Economic Research, a nonprofit, private organization