Increases in interest rates
A) reduce borrowers' net worth.
B) reduce lenders' net worth.
C) increase the present value of borrowers' assets.
D) raise the cost to businesses of internal funding.
A
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Because industrial countries depend upon the less developed countries for their food and raw materials, the less-developed countries account for the majority of world trade
Indicate whether the statement is true or false
Which of the following is true?
a. The incentives to engage in rent-seeking activities increase with the ease with which the political process can provide personal gain at the expense of others. b. The amount of resources devoted toward rent seeking generally has no impact on the economic prosperity of a nation. c. Income transfers directed toward the poor constitute about half of all income transfers in the United States. d. All of the above are correct.