Which of the following financial institutions went bankrupt as a result of the financial crisis that began in 2008?
A) Lehman Brothers
B) Bank of America
C) Citigroup
D) JP Morgan
A
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An import quota is a
A) tariff imposed on goods that are dumped in the country. B) law that prevents ecologically damaging goods from being imported into a country. C) market-imposed balancing factor that keeps prices of imports and exports in equilibrium. D) government-imposed restriction on the quantity of a specific good that can be imported.
To maximize social welfare in the presence of a negative externality, marginal ____ must equal marginal ____
a. social cost; private cost b. private cost; social cost c. social cost; social benefit d. private cost; social benefit
Each of the following has tended to foster competition except
A. more foreign competition. B. the declining importance of manufacturing. C. the rise of new industries. D. the declining number of corporate takeovers and mergers.
Recall the Application about the Fed's policy of quantitative easing to answer the following question(s). This Application refers to quantitative easing, a policy that occurs when the Fed:
A. changes the reserve requirement. B. sells mortgage-backed securities. C. purchases long-term securities. D. raises the discount rate.