Author Question: Other things constant, a lowering of interest rates on used car loans would tend to A) reduce the ... (Read 149 times)

TFauchery · **on:** Jun 29, 2018

Other things constant, a lowering of interest rates on used car loans would tend to

A) reduce the demand for used car loans.
B) increase the demand for used car loans.
C) increase the supply of used car loans.
D) reduce the supply of used car loans.
E) do none of the above.

Question 2

If Bonnie can produce either 10 hats or 20 scarves in a month, and Phil can produce either 10 hats or 5 scarves in a month, then

A) Bonnie is equally efficient at producing hats, compared to Phil.
B) Bonnie is more efficient at producing hats, compared to Phil.
C) Bonnie is more efficient at producing scarves, compared to Phil.
D) Phil is more efficient at producing scarves, compared to Bonnie.