The international financial crisis of 2007 was the result of
A) failure of the Euro currency.
B) runaway inflation in the U.S.
C) a deep global recession.
D) the collapse of global currency markets.
E) defaults on U.S. mortgage-backed securities.
E
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Which of the following is not a characteristic of oligopoly?
A) the ability to influence price B) a small number of firms C) interdependent firms D) low barriers to entry
Which of the following raise the incentive for households to save?
a. means-testing of government benefits and inheritance taxes b. means-testing of government benefits but not inheritance taxes c. inheritance taxes, but not means-testing of government benefits d. neither means-testing of government benefits nor inheritance taxes
A Japanese recession will be counteracted by an appreciation of the Japanese yen.
Answer the following statement true (T) or false (F)
In perfectly competitive industries, firms can easily enter and exit the industry in the long run.
Answer the following statement true (T) or false (F)