Recently, the financial crisis led to a bank run in
A. Brazil.
B. Germany and France.
C. Japan.
D. England.
Answer: D
You might also like to view...
Which of the following most accurately indicates changes in the size of the union sector in the United States?
a. As a share of the labor force, union membership grew substantially during 1935 through 1955 but has declined substantially since the mid-1950s. b. As a share of the labor force, union membership declined substantially during 1935 through 1955 but has grown substantially since the mid-1950s. c. As a share of the labor force, union membership has steadily grown from less than 10 percent in 1935 to more than 40 percent today. d. Union membership has been approximately 20 percent of the labor force during the last five decades.
In a monopolistically competitive market,
A. a firm has market power because it produces a differentiated product. B. a firm earns economic profits in the long run because it has market power. C. there are a large number of firms. D. both a and b E. both a and c
If a regulatory commission imposes upon a nondiscriminating natural monopoly a price that is equal to marginal cost and below average total cost at the resulting output, then:
A. the firm will realize an economic profit. B. the firm will earn only a normal profit. C. allocative efficiency will be worsened. D. the firm must be subsidized or it will go bankrupt.
The United States is known worldwide as being a low-tariff nation.
Answer the following statement true (T) or false (F)