Other things constant, a lowering of interest rates on used car loans would tend to
A) reduce the demand for used car loans.
B) increase the demand for used car loans.
C) increase the supply of used car loans.
D) reduce the supply of used car loans.
E) do none of the above.
E
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An import quota protects domestic producers by
A) setting a limit on the amount of imports. B) placing a prohibitive tax on imports. C) encouraging competition among domestic producers. D) increasing the total supply of the product.
A market with more than one seller and significant barriers to entry is called
a. perfect competition b. monopolistic competition c. an oligopoly d. collusive e. regulated
Explain the basic operations of an economic game
What will be an ideal response?
Related to the Economics in Practice on page 704: ________ children under 5 years of age in the world are characterized as extremely short due to malnutrition.
A. 1 in 20 B. 1 in 10 C. 1 in 4 D. 1 in 2