A debt crisis may lead to a banking crisis
Indicate whether the statement is true or false
TRUE
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The marginal social cost of production is:
A. the sum of the total cost to the producer and the total external cost. B. the sum of the marginal cost to the producer and the total external cost. C. the sum of the total cost to the producer and the marginal external cost. D. the sum of the marginal cost to the producer and the marginal external cost.
The Embargo Act (1807):
a. had a devastating effect on U.S. manufacturing. b. led to increases in U.S. exports and per capita income. c. increased U.S. imports, but decreased U.S. exports. d. prohibited U.S. ships from trading with all foreign ports. e. All of the above.
Critics of targeting a zero inflation rate believe that achieving zero inflation is almost impossible and the costs are too high
a. True b. False Indicate whether the statement is true or false
Fundamentally, economics deals with
a. scarcity. b. money. c. poverty. d. banking.