Under the purchase-and-assumption method, the FDIC usually finds it:
A. cannot sell the bank and almost always has to revert to the payoff method for dealing with a failed bank.
B. can sell the bank at a price equaling the value of the failed banks assets.
C. has to sell the bank at a negative price since the bank is insolvent.
D. can sell the failed bank for more than the bank is actually worth.
Answer: C
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Data for an economy show that the unemployment rate is 6 percent, the participation rate 60 percent, and 200 million people 16 years or older are not in the labor force. How many people are employed in this economy?
A. 300 million B. 188 million C. 30 million D. 282 million
According to the profit-maximization goal, the firm should attempt to maximize short-run profits since there is too much uncertainty associated with long-run profits
a. true b. false
Unions whose membership is confined to workers with a particular skill are known as
a. industrial unions b. limited unions c. regional unions d. craft unions e. inclusive unions
A quota that limits U.S. imports of cane sugar
A. helps both U.S. consumers and U.S. producers at the expense of foreign producers. B. harms U.S. consumers more than it helps U.S. producers. C. helps U.S. producers more than it hurts U.S. consumers. D. harms foreign producers more than it helps U.S. producers.