Financial crises in advanced economies might start from a
A) debt deflation.
B) currency crisis.
C) mismanagement of financial innovations.
D) currency mismatch.
C
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During the 1970s in the U.S. ________
A) the inflation rate peaked at over 14% B) oil prices quadrupled C) the unemployment rate rose above 8% D) all of the above E) none of the above
The argument that foreign trade should be restricted to protect domestic employment and output is based on the idea that:
a. consumers are willing to pay higher prices for domestic goods. b. producers will not exploit reduced foreign competition by charging higher prices. c. foreign companies are more costly to deal with than domestic companies. d. sales of imports come at the expense of domestic goods and jobs.
Jane is a 22-year-old college graduate. She has just started working at a job that pays her $75,000 per year. Since you have had an economics course, Jane asks you for advice on where to invest the money she is saving for her retirement. What do you recommend?
Marginal-cost transfer-pricing creates incentives for manufacturing to distort MC:
A. upward. B. downward and then upward. C. upward and then downward. D. downward.