An important factor in producing the global financial crisis was
A) lax consumer protection regulation.
B) onerous rules placed on mortgage originators.
C) weak incentives for mortgage brokers to use complicated mortgage products.
D) strong incentives for the mortgage brokers to verify income information.
A
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Refer to Figure 29-1. Europe suffers a recession. Assuming all else remains constant, this would be represented as a movement from
A) B to C. B) D to A. C) C to D. D) A to B. E) A to D.
If total Fed assets __________, then reserves have to __________, everything else being equal
A) fall; rise B) rise; fall C) fall; fall D) None of the above.
Diseconomies of scale occur when high levels of output are produced in a short period of time
a. True b. False Indicate whether the statement is true or false
The Federal Trade Commission is charged with:
a. supervising cartels in the United States. b. aiding small business in contract negotiations with foreign companies. c. investigating unfair and deceptive trade practices. d. approving contracts between businesses and government. e. bringing criminal complaints.