One result of the financial meltdown of the late 2000s was that mortgage institutions ________ and ________ were brought under direct control of the government
A) Fannie Mae; Freddie Mac B) Lehman Brothers; FDIC
C) Glass Steagall; Sarbanes Oxley D) Goldman Sachs; Morgan Stanley
A
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How do a sole proprietorship and a corporation differ?
A) Proprietorships have unlimited liability while corporations have limited liability. B) Corporations face more taxes than do proprietorships. C) Corporations can issue stocks and bonds, while proprietorships cannot. D) All of these are differences between the two types of businesses.
In the Stackelberg model, suppose the first-mover has MR = 15 - Q1, the second firm has reaction function Q2 = 15 - Q1/2, and production occurs at zero marginal cost
Why doesn't the first-mover announce that its production is Q1 = 30 in order to exclude the second firm from the market (i.e., Q2 = 0 in this case)? A) In this case, MR is negative and is less than MC, so the first-mover would be producing less than the optimal quantity. B) In this case, MR is negative and is less than MC, so the first-mover would be producing too much output. C) This is a possible outcome from the Stackelberg duopoly under these conditions. D) We do not have enough information to determine if this is an optimal outcome for this case.
The statistical discrepancy
a. is always positive b. is always negative c. must be reduced to zero and eliminated from the balance of payments before the records become official d. is a residual factor that indicates the net error in the balance of payments data e. is a record of all transactions between residents of two countries over a specified period
As baby boomers move into their retirement years, the incomes of geriatricians (doctors for the aged) will most likely
a. fall due to a fall in the demand for geriatricians b. rise due to a fall in the price of complementary inputs c. rise due to a rise in the demand for geriatricians d. fall due to a drop in the number of medical providers e. rise due to a rise in the supply of geriatricians