Which firm did the Treasury allow to fail during the financial crisis?
A) J.P. Morgan
B) Bear Stearns
C) Lehman Brothers
D) American International Group (AIG)
C
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A higher real interest rate ________ saving and ________ consumption spending.
A. increases; decreases B. increases; increases C. does not change; does not change D. decreases; increases
Dr. Goldfinger decides to invest in companies which he believes can "improve the productivity and efficiency" of health care services. What would Dr. Goldfinger need to do to try to achieve allocative efficiency?
A) invest in companies that produce up to the point where the marginal cost of the last unit produced is zero B) invest in companies that produce goods and services based on consumer preferences C) invest in companies that produce goods and services at the lowest possible cost D) invest in companies that fairly distribute their products and services
The change in the total revenue of a firm that results from employing one additional unit of a factor of production is defined as the
a. total revenue product of the resource. b. marginal product of the resource. c. marginal revenue product of the resource. d. average revenue product of the resource.
The increase in the overall level of prices is known as _____
Fill in the blank(s) with correct word