Sovereign debt crises are triggered ________
A) by innovations in subprime real estate markets
B) when a country's debt-to-GDP ratio becomes excessively high
C) when austerity measures cause a sharp fall in the supply of government bonds
D) by the adoption of a common currency, such as the euro
B
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In the context of a roulette wheel, gambler's fallacy refers to the belief that:
A) outcomes of a gamble are mostly repetitive. B) winners in a gamble lose the next round. C) outcomes of a gamble tend to avoid repeats. D) winners in a gamble continue to win in streaks.
Refer to Figure 18.1. With free trade, what is the equilibrium quantity of gloves in Duckland?
A. 100 B. 80 C. 60 D. 40
A worker's skills and knowledge are types of social capital.
Answer the following statement true (T) or false (F)
The price elasticity of demand for bottled water in New York is -3, and the price elasticity of demand for bottled water in Florida is -0.6. In other words, demand in New York is ________ and demand in Florida is ________.
A. elastic; unit elastic B. elastic; inelastic C. inelastic; elastic D. inelastic; unit inelastic