On the surface, Usury laws are designed to protect consumers from exorbitant interest rates.
Answer the following statement true (T) or false (F)
True
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Which of the following is an example of a monetary policy?
A) The federal government increases income tax rates on people earning more than $250,000. B) The duration of unemployment benefits is extended to 99 weeks. C) The Federal Reserve increases interest rates. D) Congress authorizes a cut in spending on education.
Marginal utility has a negative slope. This is because of the
a. optimal purchase rule. b. law of increasing costs. c. law of diminishing marginal utility. d. marginal rate of substitution.
In a market economy, the amount of goods and services someone can get depends upon ______.
a. government rules b. social class c. income d. need
_________ are three broad spending categories of personal consumption when comes to the household
a) Durable goods firm services b) Durable goods non durable goods services