If the dotted horizontal line represents the effect of a usury law then there is a _____ of loanable funds of _________ billion dollars.



A. surplus; 50

B. shortage; 50

C. surplus; 110

D. shortage; 110

B. shortage; 50

Economics

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If a monopolist is forced to set price equal to average total cost, economic profit

a. will be negative, and the monopolist may go out of business b. will be zero c. will be positive d. will be negative, and the firm will stay in business if there are significant fixed costs e. may be positive, negative, or zero

Economics

A tax levied on imported goods is called a(n):

A. excise tax. B. quota. C. foreign profits tax. D. tariff.

Economics