Empirical evidence suggests that usury laws
A) help poor consumers by lowering the interest rate they pay.
B) hurt poor consumers by limiting their ability to borrow.
C) keep interest rates low.
D) limit the amount borrowed by wealthier consumers.
B
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The aggregate demand is described graphically as a. sloping downward. b. a vertical line
c. a horizontal line. d. sloping upward.
Firms have less pricing power if their firm-level product is more unique.
a. true b. false
According to the above figure for a gasoline market, at a price of $1 per gallon of gasoline, there would be
A. a surplus of 50 million gallons. B. a shortage of 30 million gallons. C. a surplus of 30 million gallons. D. a shortage of 20 million gallons.
Refer to the given data. This firm's product price is:
A. $2.
B. $3.
C. $4.
D. $16.