In effect, banks are able to charge
A) depositors for banks' superior information about borrowers.
B) borrowers for banks' superior information about depositors.
C) the government for banks' superior information about borrowers and depositors.
D) interest rates that are in fact above those legally allowed.
A
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During 2009-2010, the federal budget
A) ran a surplus of approximately 2 percent of GDP. B) ran a deficit of approximately 2 percent of GDP. C) ran a deficit of approximately 10 percent of GDP. D) was balanced during both years.
An example of a government policy to increase human capital formation is:
A. government support for basic research. B. the provision of publicly-funded education. C. the construction of an interstate highway system. D. maintaining a well-functioning legal system.
Lunch in Jamie's dorm is an all-you-can-eat buffet, served from 11 a.m. until 1 p.m. By noon, the buffet is picked over, and by 12:30, there are very few popular items left. The garbage bins, though, are full of food. Over time, you would expect that students would:
A. start distributing themselves more evenly over the lunch hours to avoid long lines. B. come earlier and earlier for lunch in order to have a better selection from which to choose. C. stop eating so much at lunch because they would notice that it generates waste. D. be pickier in their selections from the buffet.
Refer to the graphs shown, which show indifference curve analysis with the associated demand curves.
If a consumer is able to move from point B to point C, she is also able to move from point:
A. H to point I. B. E to point G. C. D to point F. D. H to point J.