Without usury laws, banks will

A) charge very high interest rates to all borrowers.
B) charge higher interest rates to riskier borrowers than to safer borrowers.
C) charge very low interest rates to all borrowers.
D) face no demand for loans.

B

Economics

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When there are increasing returns to scale, average costs must be:

a. falling. b. rising. c. constant. d. falling, then rising.

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