Kathleen is considering expanding her dress shop. If interest rates rise she is
a. less likely to expand. This illustrates why the supply of loanable funds slopes downward.
b. more likely to expand. This illustrates why the supply of loanable funds slopes upward.
c. less likely to expand. This illustrates why the demand for loanable funds slopes downward.
d. more likely to expand. This illustrates why the demand for loanable funds slopes upward.
c
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If an individual has a 0.3 probability of receiving $10 and a 0.7 probability of receiving $20, the expected income is
A) $20. B) $7. C) $14. D) $17.
Consumption bundles that lie above the boundary established by the budget line:
A. are affordable for the consumer. B. are preferred by the consumer but are not affordable. C. are not preferred by the consumer. D. do not exhaust the consumer's income.
A low concentration ratio means that:
A. There is a low probability of entering the industry B. There is a low probability of success in the industry C. Each firm accounts for a small market share of the industry D. Each firm accounts for a large market share of the industry
It is impossible to raise the minimum wage so high to hurt workers generally.
Answer the following statement true (T) or false (F)