Usury laws tend to hurt whom?
a. suppliers of loans
b. consumers who cannot get credit
c. bank stockholders
d. All of the above are correct.
d
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The capabilities approach allows us to focus on issues of:
A. poverty, inequality, and human development. B. income, poverty, and economic growth. C. human development, capital development, and technological progress. D. personal happiness, individual pleasure, and pain avoidance.
The line segment QR describes the region where
A. increases in output do not cause higher prices because of a large portion of unemployed resources.
B. prices and output increase together.
C. increases in prices do not generate any increase in output.
D. increases in prices cause decreases in output.
Assume both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the AVC curve, marginal cost must be:
A. greater than the average variable cost. B. ?less than the average variable cost. C. ?equal to the average variable cost. D. ?at its minimum.
Which of the following statements is most correct?
A. Managers, directors, and stockholders almost always share the same interest. B. Directors and stockholders have the same interests, but this usually conflicts with the interests of managers. C. Managers' and directors' interests often conflict with stockholders' interest. D. Managers and stockholders have the same interests, but this usually conflicts with the interests of directors.