If uncertainty about banks' health causes depositors to begin to withdraw their funds from banks, the country experiences a(n)
A) banking crisis.
B) financial recovery.
C) reduction of the adverse selection and moral hazard problems.
D) increase in information available to investors.
A
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Customer service representatives who have lost their jobs as a result of call centers being outsourced to India are an example of
A) structural unemployment. B) voluntary unemployment. C) frictional unemployment. D) cyclical unemployment.
Refer to the scenario above. Maria should choose to:
A) drive, as it will save her $120. B) travel by train, because it is quicker. C) drive, as it will give her a real saving of $150. D) travel by train, as it will save her $30 in travel time.
Why do government regulators not enforce marginal cost pricing for natural monopolies? What are the common regulatory solutions?
What will be an ideal response?
Resources that flow through the circular flow of GDP include all of the following except
a. land b. labor c. capital d. consumption goods e. entrepreneurship