In May 1991, the FDIC announced that it would sell the government's final 26% stake in Continental Illinois, ending government ownership of the bank that it had rescued in 1984
The FDIC took control of the bank, rather than liquidate it, because it believed that Continental Illinois A) was a good investment opportunity for the government.
B) could be the Chicago branch of a new governmentally-owned interstate banking system.
C) was too big to fail.
D) would become the center of the new midwest region central bank system.
C
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What effect would an increase in the price of pork have on the demand for beef?
A) It would decrease the demand for beef. B) It would decrease the demand for beef only if the demand for beef is elastic. C) It would increase the demand for beef. D) It would increase the demand for beef only if the demand for beef is inelastic. E) It would have no effect, because a change in price affects only the quantity demanded, not the demand.
If orders exist in large volume, then the market has
A) depth. B) breadth. C) resiliency. D) None of the above.
Refer to the above figure. Which of the following points indicates an inefficient use of resources?
A) a B) d C) e D) More information is needed to answer the question.
Suppose a DVR is bought from China for $200 and sold in the US for $250. GDP will count this
A. as nothing. B. as $200. C. as $250. D. as a net of $50 ($250 sale minus $200 import).