(Last Word) After years of aiding drug cartels, mobsters, and terrorist groups laundering money, HSBC bank was:
A. fined about five weeks' worth of profits.
B. taken over and run by the government, pending reorganization.
C. dismantled by the government, with different sectors in the bank sold to other banks in the
system.
D. fined nearly $1 trillion, and key executives were held criminally responsible.
A. fined about five weeks' worth of profits.
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Explain how an import quota might be more inefficient than an import tariff that has the same impact on prices.
What will be an ideal response?
One of the assumptions of an economic analysis is that market functions are controlled by the government
a. True b. False Indicate whether the statement is true or false
Which of the following lies primarily within the realm of macroeconomics?
a. a study of the elasticity of demand for gasoline b. a study of how tax cuts stimulate aggregate production c. an analysis of supply and demand conditions in the electricity market d. a study of the impact of "mad cow" disease on the price of beef worldwide
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