If a consumer borrows at an interest rate greater than the ...

[RYAN BANYAN]

If a consumer borrows at an interest rate greater than the interest rate at which he or she can lend, then
 
  A) banks cannot make a profit.
  B) the budget constraint has a kink at the endowment point.
  C) the consumer must be a lender.
  D) this makes no difference for consumer behavior.

Question 2

An indifference curve
 
  A) connects a set of consumption bundles among which the consumer is indifferent.
  B) is only useful in analyzing apathetic consumers.
  C) connects a set of consumers who each have the same preferences.
  D) is only useful in microeconomics.

[katara]

Answer to Question 1

B

Answer to Question 2

A

[RYAN BANYAN]

Gracias!

[ryhom]

Excellent