Bankruptcy laws provide proper incentives by
A. completely absolving the person in debt from responsibility for it.
B. making it a moral failing
C. giving the person in debt a reason to work hard because they don't have to pay it all off.
D. giving the person in debt a reason to work hard to pay it all off.
Answer: C
Economics
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The automatic mechanism ________ the price level in the case of ________ and ________ the price level in the case of ________
A) lowers; recession; raises; expansion B) raises; expansion; raises; recession C) raises; recession; lowers; expansion D) lowers; expansion; lowers; recession
Economics
Refer to Figure 29-1. Europe experiences an economic boom. Assuming all else remains constant, this would be represented as a movement from
A) D to A. B) C to B. C) B to A. D) D to C.
Economics