Payday lending stores near military bases in the United States have mostly closed down since 2007 because of
A. A large increase in salaries paid to the military personnel.
B. A reduced demand because of the Great Recession.
C. Congress passed a law restricting interest rates to 36 percent from military personnel and their families.
D. Congress has outlawed payday lending around our military bases.
C. Congress passed a law restricting interest rates to 36 percent from military personnel and their families.
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Are there many good substitutes for water?
A) No, because living creatures die without water. B) No, even though there are many substitute ways to obtain water. C) Yes, because water is recycled by nature. D) Yes, because water is used for so many different and trivial purposes. E) Yes, because water may be found in many forms other than its pure form.
The total cost of a firm is $50, the average variable cost is $2, and the average fixed cost is $3. How may units of the output does the firm produce?
A) 5 units B) 10 units C) 15 units D) 18 units
According to the Federal Reserve, household wealth in the United States fell by more than $11 trillion in 2008
Predict the effect this decrease in wealth had on the equilibrium real wage and level of employment, and use a graph to support your answer.
Excise taxes are
a. proportional since everyone pays the same tax rate b. progressive since richer people buy more things c. regressive since they represent a greater percent of poor people's incomes d. proportional taxes since everyone has the same tax bill e. progressive since richer people have higher tax bills