In the 1960s, banks started __________ in order to maneuver around the Glass-Steagall act
A) opening foreign branches
B) using Section 20 affiliates
C) forming one-bank holding companies
D) dropping Federal Reserve membership
C
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A country producing a combination of 5 units of guns and 6 units of butter would be _________________ (outside/on/inside) the production possibilities curve
What will be an ideal response?
In 2002, President Bush imposed a tariff on imported steel. He did so in response to rent seeking by
A) domestic steel consumers. B) domestic steel producers. C) foreign steel consumers. D) foreign steel producers. E) foreign politicians.
HMOs create the incentive to _____
a. minimize health care expenditures b. avoid important but expensive procedures c. enroll individuals with serious illnesses d. a and b
If the rate of inflation in a given time period turns out to be higher than lenders and borrowers anticipated, then the effect will be:
a. a redistribution of wealth from borrowers to lenders. b. a net gain in purchasing power for lenders relative to borrowers. c. no change in the distribution of wealth between lenders and borrowers. d. none of these.