Usury laws that set maximum interest rates
a. are designed to protect the consumer.
b. interfere with the market allocation process.
c. have an effect only if the market rate is higher than the legal maximum.
d. All of the above are correct.
d
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The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise b. it is difficult for employees to share information across positions within a division c. employee evaluation is simplified by managers having similar skill sets than workers d. coordination across divisions is simple and does not take much management time
According to the law of demand:
A. Price and quantity demanded are inversely related. B. Price is constant along a particular demand curve. C. The demand curve will shift rightward as price increases. D. Businesses will produce more as price increases.