Examlex
Very few societies have used price controls.
Usury Law
Laws that establish a cap on the interest rates that can be applied to loans, aimed at safeguarding individuals from exceedingly high charges.
Loanable Funds
Money available for borrowing. The market for loanable funds is where borrowers and lenders come together, influencing interest rates.
David Ricardo
A British political economist known for his theory on comparative advantage, implying that countries should specialize in and trade goods in which they have a relative efficiency.
Theory Of Rent
A principle explaining how the price and allocation of land and its resources are determined based on their use, productivity, and locational advantages.
Q54: Individuals live and work in both individual
Q67: If production involves increasing opportunity cost, then
Q99: The principle of comparative advantage explains specialization
Q113: Any event that causes either the demand
Q120: The U.S. economy is relatively open in
Q123: Outputs include goods but not services.
Q144: Since 1960, per capita real GDP in
Q216: If a macroeconomist aggregates many markets into
Q249: Normally, when a governmental price control affects
Q258: Price ceilings lead to market surpluses.