To provide an incentive for villagers to repay loans, in the text Muhammad Yunus:
A. forced villagers to offer collateral for loans.
B. made loans using group responsibility.
C. threatened to call the borrower's mother.
D. would increase interest rates by 1 percentage point after each late payment.
B. made loans using group responsibility.
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The Clayton Act of 1936 outlawed price discrimination that reduced competition
Indicate whether the statement is true or false
In Figure 5.1, during the 1980-1990 time periods, real GDP was relatively constant but nominal GDP increased. This can be explained by
A. Lower average price levels. B. A decrease in production per capita. C. Inflation. D. Higher levels of production.
Recall the Application about genetic testing and adverse selection to answer the following question(s).According to the Application, what will ultimately happen if genetic testing for certain illnesses like Alzheimer's becomes more common?
A. Only the people who are at high risk for those diseases will purchase insurance against those illnesses. B. Only the people who are at low risk for those diseases will purchase insurance against those illnesses. C. The people who are at high risk for those diseases will decline insurance against those illnesses. D. Only the people who are at high risk for those diseases will be fired from their current jobs.
The official dating of recessions is done by
A. the Secretary of the Treasury. B. the National Bureau of Economic Research. C. the Government Accounting Office. D. the Council of Economic Advisors.