A major purpose of usury laws is to make more funds available to low-income borrowers. Economic analysis suggests that usury laws:
A. are effective in achieving this goal.
B. allocate available funds to high-income borrowers.
C. have no impact on the allocation of funds between high-income and low-income people.
D. help low-income people only when the legal interest rate is above the market rate.
Answer: B
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A "backflow" refers to:
A. Unauthorized aliens who enter an industrialized nation looking for work B. Legal aliens who enter an industrialized nation looking for work C. Migrants who enter a series of industrialized nations looking for work D. Migrants who repeatedly return to their home countries after seeking work in another country
What are explicit costs? What are implicit costs?
What will be an ideal response?
Which of the following policies followed by the Clinton administration were not Keynesian policies?
a. Reducing the budget deficit during a strong expansion. b. Concentrating tax increases on upper income households. c. Attempting to increase government spending in 1992 when the U.S. economy was below its natural rate of output. d. Adjusting capital gains taxes for inflation in order to encourage savings.
The mid-1990s political debate on welfare resulted in Congress legislating in August of 1996,
a. the Taft-Hartley Act b. the Small Business Job Protection Act c. Graham-Rudman-Hollings d. the Wilmot Proviso e. the Personal Responsibility and Work Opportunity Reconciliation Act