Briefly describe the process of microlending
What will be an ideal response?
Microlending involves making small loans, often just a few hundred dollars or less, to people attempting to start or expand small businesses. The loans are made by a variety of groups, including pooled savings from a village, international aid agencies, or large financial firms, such as Citigroup, often operating through small local banks.
You might also like to view...
In the above figure, if d1 is the relevant demand curve for this firm, then which level of output will maximize this firm's profits or minimize its losses?
A) A B) B C) C D) D
The short-run industry supply curve is found by
A) taking the inverse of the industry demand curve. B) horizontally summing the average total cost curve of all firms in the industry. C) adding up the quantities supplied at each price by each firm in the industry. D) adding up the quantities supplied at each price by each of the firms in the industry that are making a profit.