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QUESTIDN 2 Under which conditions is credit a contractual agreement in which a borrower receives something of value now and agrees to repay the lender
QUESTIDN 2 Under which conditions is credit a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date most likely to spur economic growth? | a. If business and the economy is seen as a zerosum game. | b. If credit is extended only when the borrower can offer an asset to a lender as security for a loan {collateral}. Ic. If people trust that resources in the future will be more abundant than in the present. Id. If people believe that wealth is diminishing over time. QUESTIDN 3 According to the model of demand 8: supply. a simultaneous increase in both the demand for computers and the supply.r of computers must increase I | a. the number of computers bought and sold. | l | | b. the price of computers. Ic. both the equilibrium price and guantitl,r of computers. Id. the shortage of computers in the market
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