Who is most likely to face the highest finance charges?
What will be an ideal response?
a person with a bad credit history and a lot of debt
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The degree of responsiveness of aggregate output to a price change declines as the:
a. rate of savings increases. b. economy approaches its maximum potential output. c. level of real GDP declines over time. d. the price elasticity of imports declines. e. the excess capacity of all the firms in the economy increases over time.
Which of the following is included in measuring GDP?
A. the transfer of secondhand goods B. the value added at each stage of production of a final product C. the buying and selling of securities D. household services rendered by homemakers
Price ceilings are adopted in most cases because
A) the government views the current equilibrium price as too high for consumers. B) the government wants to create surpluses. C) the government favors a non-intervention policy. D) producers need incentives to produce more of the good or service.
Doing something that is not necessarily discriminatory on its face but impacts some groups more negatively than others is called
A. rational discrimination. B. disparate treatment discrimination. C. statistical discrimination. D. adverse impact discrimination.