How much would the interest rate be if there was no usury law?
30%
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Bill and Krista sell potted plants from a roadside stand. The figure above shows Bill and Krista's marginal cost curve and the market price. If Bill and Krista sell 60 plants per week, their producer surplus from the 60th plant will equal
A) $8. B) $480. C) $0. D) $20. E) More information is needed to answer the question.
Which of the following is most likely to be a feature of a state-contingent contract?
A) The agent pays the principal a higher licensing fee when demand is high compared to when demand is low. B) The agent makes the same wage regardless of demand. C) The agent, who lives in Nevada, earns more money on out-of-state sales (e.g., sales to California or New York) than in-state sales. D) The restaurant owner (principal) pays the waiter (agent) more when it is snowing or raining outside.
Sometimes the response to price signals, rather than the signals themselves, may be flawed.
Answer the following statement true (T) or false (F)
Which of the factors would decrease the rate of frictional unemployment?
a. an increase in the number of jobs available due to an increase in GDP b. increased short-term unemployment benefits c. improvements in technology that make skills which were once valued by employers obsolete d. the advent of the Internet, which makes finding available jobs easier