When the federal government deregulated the savings and loan industry,
a. nearly one third of all savings and loans failed by 1987
b. interest rates on loans made by savings and loans decreased
c. profits of the savings and loans increased
d. the FSLIC stopped insuring deposits
e. the savings and loans restricted their loans to fairly riskless loans like home mortgages
A
You might also like to view...
A market that consists of only a few large firms is probably a(n):
A. monopoly. B. perfectly competitive market. C. monopolistically competitive market. D. oligopoly.
Since the late 1970s which of the following groups has become worse off?
a. Highly-skilled workers b. Technical workers c. Less-skilled workers d. Scientists and other workers who require a lot of education e. All types of workers
Using the saving-investment approach, which of the following describes an equilibrium condition of GDP?
a. I = X ? IM b. S = X ? IM c. I = S + (X ? IM) d. S = I + (X ? IM)
Suppose that a small business takes in monthly revenue of $200,000 . Labor, rental, energy, and other purchased input costs come to a total of $170,000 . The owner/entrepreneur's monthly opportunity cost of her time invested in the business is $5,000 (this is what she could earn working elsewhere), and the owner/entrepreneur could get a return of $5,000 each month if she sold her business and
invested the net proceeds in a financial asset such as a treasury bond. Which of the following correctly describes her monthly economic profit? a. $200,000 b. $190,000 c. $30,000 d. $20,000