Which of the following described the attitude of most economists toward the U.S.-based automobile sector during the 2008 recession?
A. If their industry failed, it would not take the rest of the economy down with it.
B. It should be taken over by the Federal Government.
C. It needed to receive subsidies from the government in order to produce hybrid cars.
D. It needed to be bailed out, just like the financial sector was bailed out.
Answer: A
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In early 2012 the price of computer hard disc drives rose. In a demand and supply model, shifts in what curve or curves could have brought about the higher price?
What will be an ideal response?
During the last 50 years, which of the following had the lowest level of real GDP per person?
A) Africa B) Central and South America C) United States D) Central Europe
If the federal funds rate were above the level the Federal Reserve had targeted, the Fed could move the rate back towards its target by
a. buying bonds. This buying would increase the money supply. b. buying bonds. This buying would reduce the money supply. c. selling bonds. This selling would increase the money supply. d. selling bonds. This selling would reduce the money supply.
The Federal Trade Commission is an agency that would enforce
A) social regulation. B) economic regulation. C) antitrust laws. D) fair pricing for consumers.