Why were leveraged buyouts (LBOs) damaging to the U.S. economy in the 1980s?
A. They allowed companies to acquire expensive assets without paying any taxes.
B. They allowed a few companies to completely dominate entire economic sectors.
C. They prevented companies from freely accessing credit for potential investments.
D. They increased the amount of debt and unprofitable assets that companies possessed.
Answer: D
You might also like to view...
Containment reflected the policy of which country during the Cold War?
a) United States b) Soviet Union c) Britain d) France
During the Great Depression,
a. Latin American economies boomed, in contrast to those of the United States and Europe. b. Latin America developed a mature regional economy, which exported large quantities of manufactured goods and imported most of its foodstuffs and raw materials. c. revolutions occurred all over Latin America. d. the pineapple industry finally became highly profitable as world demand for fruits rose. e. domestic instability led to the creation of dictatorships.
The first fully automatic __________ was conceived by Hiram Maxim, an American inventor and dabbler in electricity.
a. Steam engine. b. Machine gun. c. Electric induction engine. d. Recoil cylinder device.
What unique custom did New Yorkers on Fifth Avenue develop to show off their riches on the New Year?
A. inviting the poor to their homes for parties B. leaving their curtains open C. moving furnishings into the parks for the day D. taking expensive presents to tenement dwellers