Each of the following hurt the savings and loan industry in the 1980s except
A. the recession of 1981-1982.
B. falling real estate prices.
C. the falling prices of junk bonds.
D. falling interest rates.
D. falling interest rates.
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If a monopoly is operating on the demand curve where price elasticity is equal to -3, and MR equals 2, then price is equal to
A) 3. B) 2. C) 1. D) 0.
Economics may be referred to as a(n) ________ science, meaning that data is looked at to see whether assertions are correct
A) empirical B) exact C) assumptive D) soft
Consumption is $7 trillion, investment is $1.5 trillion, government expenditures are $2 trillion, government transfer payments are $1 trillion, exports are $1.50 trillion and imports are $1.25 trillion. What is GDP?
If more foreign plastic plants relocate to the United States, we would expect
A. the U.S. supply curve for plastic to shift to the right. B. the U.S. supply curve for plastic would shift to the left. C. that U.S. plastic demand might change, but U.S. plastic supply would remain the same. D. that the U.S. plastic market would not respond.