During the financial crisis of 2007-2009, the U.S. government determined that
a. AIG was too big to fail but Lehman Brothers was not.
b. Lehman Brothers was too big to fail but AIG was not.
c. both Lehman Brothers and AIG were too big to fail.
d. neither Lehman Brothers nor AIG were too big to fail.
a
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What was the World Bank designed to do?
(a) Serve as a long-term lender (b) Serve as a short-term lender (c) Make both short and long-term loans (d) Make grants-in-aid, but not to be a lending institution
Command-and-control policies decrease net social welfare
a. True b. False Indicate whether the statement is true or false
International trade can make some individuals within a country worse off, even as it makes the country as a whole better off
a. True b. False Indicate whether the statement is true or false
Demand is said to have unit elasticity if the price elasticity of demand is
a. less than 1. b. greater than 1. c. equal to 1. d. equal to 0.