Usury laws are often politically popular because
a. few people sympathize with banks and other lenders who are suspected of price gouging.
b. consumers are in favor of the lower lending rates.
c. those concerned with affordable housing for the poor favor ceilings on mortgage rates.
d. All of the above are correct.
d
Economics
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Which of the following will cause an outward (rightward) shift in the supply curve?
A) a reduction in the price of the good B) an increase in the price of labor input C) an increase in the number of consumers D) technological progress
Economics
In economic terms, what is achieved when the economy gets the most out of its scarce resources?
a. equilibrium b. specialization c. efficiency d. advantage
Economics