Each of the following played a role in causing the savings and loan associations to go bankrupt in the 1980s except
A. laws restricting assets S & Ls could purchase.
B. organized crime.
C. real estate speculators.
D. junk bond purchases.
A. laws restricting assets S & Ls could purchase.
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The figure above shows the market for the chemical hydrogen sulfide, the production of which creates an external cost. The government imposes the pollution tax shown in the figure. How much tax revenue does the government collect?
A) $640 million B) $320 million C) $240 million D) more than $640 million E) zero, because the government has taxed the firms out of business.
Pork from pigs can be used to produce bacon or sausage, but not both. If the price of bacon rises for some reason, then, everything else equal: a. the price of sausage will rise
b. the price of sausage will fall. c. the resources used to raise pigs will become less expensive. d. the demand for bacon will decrease.
Which of the following is counted as money?
a. Bonds b. Credit card payments c. Credit card limits d. Currency e. Corporate stock
In politics a special interest group is describes as which of the following?
a. large relative to size of nation and only interested in the needs of big business b. small relative to size of nation and only interested in the environment c. small relative to size of nation, well-organized and focused on a specific interest d. large relative to size of nation, disorganized and focused on a specific interest