Examlex
In the presence of positive externalities, a free market will choose a price which is too ____ and produce an output which is too ____ compared with the social optimum.
Usury Law
refers to regulations governing the amount of interest that can be charged on a loan, intended to protect borrowers from excessively high rates.
Loaned Out
Refers to funds that have been borrowed out to others, usually by a financial institution.
Usury Law
Legislation that sets maximum interest rates that can be charged on loans, to protect consumers from excessive charges.
Interest Rate
The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount annually.
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