At the end of the 1980s, bank regulators ________ various standards by which bank performance is measured thereby ________ banks willingness to lend
A) lowered, increasing
B) raised, increasing
C) lowered, decreasing
D) raised, decreasing
D
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Explain the economic concept of price elasticity of supply. How is price elasticity of supply calculated?
What will be an ideal response?
Flexible exchange rates occur when
A) speculators bet that a currency will soon depreciate. B) governments and central banks spend foreign exchange to prop an exchange rate at a certain level. C) no one knows the true value of a currency. D) exchange rates are determined by forces of supply and demand.
Collusion and cartels are frequently legal in Europe
a. True b. False
When government intervenes in the production process because external costs exist, it typically attempts to shift the industry's
A. supply curve to the left. B. demand curve to the right. C. demand curve to the left. D. supply curve to the right.