Which financial intermediary has been required by regulation to concentrate its lending in the mortgage market?
A) commercial banks
B) savings-and-loans
C) credit unions
D) state and local government retirement funds
B
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Evidence from the United States and Japan on "multifactor productivity" shows it to be highly ________, which is ________ with the RBC theory of technological shocks and their consequences for the business cycle
A) procyclical, consistent B) procyclical, inconsistent C) countercyclical, consistent D) countercyclical, inconsistent
In developing countries, the government's revenues are:
A. no more limited than in developed economies. B. limited because even though the government can readily collect taxes, the tax base is too small. C. limited because of the small tax base and the government's inability to collect taxes. D. limited because the tax base is too large and the government lacks the institutional ability to collect taxes.
The joining of firms that are producing or selling a similar product is known as
A) a conglomerate merger. B) a horizontal merger. C) a vertical merger. D) economies to scale.
Since services do not involve the production of physical things, they are not included in GDP calculations.
Answer the following statement true (T) or false (F)