In recent years, bank regulatory authorities have
A) encouraged banks to enter the insurance field.
B) discouraged banks from entering the insurance field.
C) asked Congress to write new legislation that would make it illegal for banks to enter the insurance field.
D) asked Congress to write new legislation that would make it legal for banks to enter the insurance field.
A
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Mobil Energy Corp has a monopoly on gas sales in Texas. If the price of oil increases, the price of gas will
a. increase. b. decrease. c. remains the same. d. may increase or decrease.
A country will not trade unless
A. The terms of trade are superior to domestic opportunities. B. Its balance of trade is in a surplus position. C. The production possibilities increase. D. It has an absolute advantage.
Which of the following is not typically used for qualifying mortgages as prime or subprime?
A. The loan to value ratio B. The borrower's ethnicity C. The borrower's income D. The borrower's credit score
Which of the following statements is NOT true?
A) Economics is a social science. B) Economics is an empirical science. C) Economics does not use theories. D) Economics is the study of how people allocate their limited resources to satisfy their unlimited wants.