A macroeconomic shortage occurs when consumers begin to save more money and consume less
a. True
b. False
Indicate whether the statement is true or false
False
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The use of collateral
A) allows banks to charge higher interest rates on loans. B) makes it more costly for borrowers to take advantage of their asymmetric information. C) makes it more costly for lenders to take advantage of their asymmetric information. D) has important tax implications for both borrowers and lenders.
By 1964, nearly all blacks outside the South were covered by laws that allowed the government to issue cease and desist orders against discriminating firms. According to recent research by William Collins, these laws
a. were successful in improving the wages and working conditions of all African-Americans. b. were successful in improving the wages and working conditions of only Southern African-Americans. c. led to lower wages and deteriorating working conditions for African-Americans. d. had some success in improving the wages and working conditions of African-American women.
The commodity substitution bias is that
A) consumers decrease the quantity they buy of goods whose relative prices rise and increase the quantity of goods whose relative price falls. B) consumers substitute more expensive goods for less expensive goods when technology advances. C) government spending is a good substitute for investment expenditures. D) national saving and foreign borrowing are interchangeable. E) consumers substitute high-quality goods for low-quality goods.
During flu season, as people try to boost their immune system believing that orange juice might aid in keeping viruses at bay,
A. the taste for orange juice would fall. B. the taste for orange juice would remain unchanged. C. the price of orange juice would fall. D. the taste for orange juice would rise.