Countries without well-developed financial systems are able to sustain high levels of economic growth
Indicate whether the statement is true or false
FALSE
You might also like to view...
The additional benefit to a consumer from consuming one more unit of a good or service
A) is equal to economic surplus. B) is equal to marginal benefit. C) is equal to the opportunity cost of consuming the good or service. D) is equal to consumer surplus.
Federal Reserve Board Chairmen Paul Volcker, Alan Greenspan, and Ben Bernanke all have focused on which of the following as their main goal of monetary policy?
A) economic growth B) stability of financial markets C) high employment D) price stability
A banker motivated by profit maximization may make decisions that destabilize the banking system.
Answer the following statement true (T) or false (F)
A key assumption of most economic analysis is that people are altruistic, meaning that they act in their own self-interest.
Answer the following statement true (T) or false (F)