As a result of the 2007-2009 financial crisis, which two firms became bank holding companies, allowing them to engage in commercial banking activities?
A) Lehman Brothers and Merrill Lynch B) Freddie Mac and Fannie Mae
C) Morgan Stanley and Goldman Sachs D) Enron and WorldCom
C
You might also like to view...
All of the following are examples of explicit cost a firm might incur except
A) taxes owed to the state government. B) the revenue a firm generates in using its resources. C) the rental value of the warehouse space the company owns and uses for itself. D) the out-of-pocket expense to hire employees.
The prisoner's dilemma illustrates
A) how oligopolists engage in implicit collusion under strategic situations. B) how cooperation in strategic situations leads to the economically efficient market outcome. C) why firms will not cooperate if they behave strategically. D) why firms have an incentive to cheat on agreements.
Which of the following will not shift the aggregate demand curve to the left?
A. Consumers become more optimistic about the future. B. Government spending decreases. C. Business optimism decreases. D. Consumers become pessimistic about the future.
Regarding open economies, economists tend to find evidence that
A. the more closed an economy is, the higher the rate of growth the economy will experience. B. open economies tend to have access to smaller markets than do closed economies. C. free trade encourages a more rapid spread of technology, and hence increases economic growth. D. trade tariffs tend to improve economic growth.