In a market system, the most dangerous types of bankruptcies involve
a. industrial monopolies.
b. multinational firms.
c. employment agencies.
d. financial institutions.
d
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A trade deficit means ________.
A. the capital account debit is larger than the credit B. the financial account debit is larger than the credit C. the current account debit is larger than the credit D. the reserve account debit is larger than the credit
In a bank panic, the source of contagion is the
A) free-rider problem. B) too-big-to-fail problem. C) transactions cost problem. D) asymmetric information problem.
According to economists, when two people make exactly the opposite decision
A) one of them is acting irrationally. B) each person evaluates the situation according to his/her individual self-interest. C) one of them is acting out of spite. D) one of them should compromise.
Tying products can be a profitable strategy for facilitating price discrimination only when:
a. the demands for the goods are unrelated. b. the supply of one of the tied products is low. c. the demands for the goods are related. d. the market for one of the goods is competitive.