Bankers have an advantage in developing a relationship with their business borrowers because
A) banks provide a menu of services which allows them to learn about a company.
B) banks have access to higher quality credit reports.
C) banks are better at getting owners to pledge collateral than are other lenders.
D) loans to small businesses are usually less than 5 years thus allowing encouraging borrowers to return more frequently for evaluation.
A
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What is the substitution effect of a wage increase? What is the income effect of a wage increase? Explain under what conditions the labor supply curve will be upward sloping and when it will be downward sloping
What will be an ideal response?
Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Figure 6.14Refer to Figure 6.14. At point A, the slope of the indifference curve is
A. -0.67. B. -1.5. C. -3.0. D. indeterminate because the marginal utilities are unknown.