The subprime mortgage bubble featured ____ leverage and the technology stock bubble featured ____ leverage
a. significant; significant
b. significant; limited
c. limited; significant
d. limited; limited
b
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Which of the following is a term for an innovative new product or production technology which disrupts the status quo in a market, leading the innovators to earn more income and profits and the other firms to lose income and profits, unless they can come up with their own innovations?
a. disruptive technological change b. disruptive market change c. disruptive trade change d. disruptive transfer change
A trade deficit means that exports exceed imports over some relevant time period.
Answer the following statement true (T) or false (F)
When the price of holiday lights increases 4 percent, the quantity supplied increases 3 percent. This example would have a(n) ______ supply curve.
a. equilibrium b. unit c. elastic d. inelastic
The two main causes of an asset price bubble are:
A. herding and budget deficits. B. herding and budget surpluses. C. budget surpluses and leverage. D. herding and leverage.