Which of the following trends had been happening in the banking industry even before the Financial Crisis of 2007-2008?
A. An expansion in the number of banks and thrifts
B. A consolidation of services offered by financial institutions
C. A decrease in the integration of global financial markets
D. An increase in the amount of savings held by banks relative to other financial institutions
B. A consolidation of services offered by financial institutions
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Which of the following is an example of a common resource?
A) elephants in the wild B) lions in a zoo C) public transportation D) a college education
Which idea about development was constructed with developing countries in mind?
a. Harrod-Domar model b. New Growth theory c. Neoclassical growth model d. Lewis labor-surplus model e. All of the above
Maximum likelihood estimation yields the values of the coefficients that
A) minimize the sum of squared prediction errors. B) maximize the likelihood function. C) come from a probability distribution and hence have to be positive. D) are typically larger than those from OLS estimation.
Other things the same, as the price level rises, exchange rates
a. and interest rates rise. b. and interest rates fall. c. fall and interest rates rise. d. rise and interest rates fall.