If the dotted horizontal line represents the effect of a usury law then there is a _____ of loanable funds of _________ billion dollars.
A. surplus; 50
B. shortage; 50
C. surplus; 110
D. shortage; 110
B. shortage; 50
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Trade between countries that is without restrictions is called
A) unencumbered trade. B) unabated trade. C) free trade. D) unobstructed commerce.
A bank with excess reserves
A) cannot make new loans. B) must make new loans. C) may choose to make new loans equal to the amount of excess reserves. D) can lend an amount equal to the amount of excess reserves multiplied by the inverse of the required reserve ratio.
The greater the differentiation among the products of monopolistically competitive firms, the lesser is the price-elasticity of demand
a. True b. False Indicate whether the statement is true or false
In China, firms owned by the government are known as
A) state-owned enterprises (SOEs). B) government enterprises. C) corporations. D) government owned partnerships.