A credit constraint is:
A. the inability to get a loan even though a person expects to be able to repay the loan plus interest.
B. the inability to repay a loan even though a person has acceptable credit history.
C. the ability to take on more loans than one can repay.
D. the maximum amount of load one is entitled to take.
A. the inability to get a loan even though a person expects to be able to repay the loan plus interest.
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In 2007, the interest rate banks in France charge each other for loans was 4.86 percent. The inflation rate in France in 2007 was 2.8 percent. The real interest rate in France is
A) 7.62 percent B) 2.06 percent. C) 0.58 percent. D) 13.6 percent.
The long-run average cost curve
A. is a composite of short-run AC curves. B. shows the lowest possible short-run AC corresponding to each output level. C. depends on the firm’s planning horizon. D. All of the responses are correct.
Air quality in most U.S. cities has ____ since World War II.
A. worsened B. improved C. remained unchanged D. improved slightly before a recent deterioration
All of the following are examples of public goods that government has assumed responsibility for over the years except
a. national parks b. interstate highways c. sewage systems d. street lighting e. stock exchanges