In a secondary loan market, _____
a. loans are made to the borrowers
b. loans are sold to other banks or financial institutions
c. the rate of interest is higher than a primary loan market
d. the rate of interest is lower than a primary loan market
b
Economics
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What is a private cost of production? What is an external cost of production? What is a social cost of production? When is the private cost of production equal to the social cost of production?
What will be an ideal response?
Economics
Refer to the table above, which gives five points on a nation's PPF. As we increase the production of X,
A) the output of Y increases. B) unemployment increases. C) the opportunity cost of each new unit of X increases. D) the opportunity cost of each new unit of X decreases.
Economics