If there were no usury law, the interest rate would be ________%.

Which of the following is the most likely response to a decrease in the U.S. real interest rate?

a. a U.S. company decides to expand its factory b. a U.S. citizen decides to purchase fewer foreign bonds c. a German mutual fund decides to increase its deposits at a U.S. bank d. All of the above are consistent.

The distinguishing characteristic of private goods is that

A) the principle of rival consumption does not apply to them. B) their use is exclusive to the people who purchase them. C) they can be sold but not rented. D) they can be sold or rented, but not borrowed.