What was the stated purpose of the TARP $700 billion bailout?
A. Give it to financial institutions to keep them from going bankrupt.
B. Purchase illiquid assets from banks and other financial institutions to restore market.
C. Loan money to the automobile industry to save the market for automobiles.
D. Provide incentives to homebuyers to improve the housing market.
B. Purchase illiquid assets from banks and other financial institutions to restore market.
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Use the figure below to answer the following question.
If actual production and consumption occur at Q2
A. missing surplus of a + b + c + d occurs. B. economic surplus is maximized. C. missing surplus of e + f occurs. D. missing surplus of a + c occurs.
Which of the following is likely to happen if there is an increase in entrepreneurial activity in an economy?
A) The productivity of the economy will increase. B) The inflation rate in the economy will decrease. C) The exchange value of its currency in the foreign exchange market will increase. D) The income per capita of the economy will fall.
The "entrepreneur" is someone who generally
What will be an ideal response?
Which of the following is a true statement about the process of cross-subsidization, given that a firm is selling two products?
A. The two products cannot have interdependent demand functions. B. The firm will sell both of its products at prices set above costs and the firm needs cost complementarities in the production of the two goods. C. The firm needs cost complementarities in the production of the two goods. D. The firm will sell both of its products at prices set above costs.