________ might cause the borrowing constraint to become non-binding, even though the consumer still cannot borrow

A) An increase in future (expected) income
B) An increase in the real interest rate
C) A decrease in current income
D) A decrease in the real interest rate

B

Economics

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To affect the market outcome, a price ceiling

A) must be set below the black market price. B) must be set below the legal price. C) must be set below the price floor. D) must be set below the equilibrium price.

Economics

Points outside the production possibilities curve represent combinations of products that are:

A. attainable only if the economy's resources are fully employed. B. attainable only if the economy's resources are not fully employed. C. attainable if the economy's resources are either fully employed or not fully employed. D. unattainable.

Economics