We interpret the term loanable funds to mean the flow of resources available to fund private investment

Protecting air quality by establishing identical low limits on noxious discharges for all firms is a questionable policy because

A) a little pollution from many sources adds up to excessive pollution. B) by allowing firms to pollute at all it sacrifices the community's interest to private profit. C) it does not allow high-cost air polluters to exceed the air pollution limits. D) it tolerates preventable air pollution. E) no one knows the possible side effects of the discharges.

Only "large" firms are able to sell __________ securities, with __________ yields than the securities the small and mid-size firms can sell

A) liquid; lower B) liquid; higher C) illiquid; lower D) illiquid; higher