Which of the following was a cause of the savings and loan crisis that occurred in the 1980s?
a. the increasing rates of inflation throughout the 1970s
b. savings and loans investing in high-risk ventures including real estate projects
c. government deregulation in the 1980s
d. all of the above
d
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In the above, which figure(s) show(s) both a positive and a negative relationship between the variables?
A) Figure A B) Figure B C) Figure C D) Figure D E) Figure A, B, and D
The goal of "personalized pricing" is to determine how much each individual customer is willing to pay for a product. As such, it is an application of first-degree price discrimination
Indicate whether the statement is true or false
Which of the following is true of the model of perfect competition?
a. There is a high degree of product differentiation. b. Consumers do not have adequate information concerning the prices and quality of products in the market. c. There are significant barriers to entry and exit. d. There are only a few, large firms in the market. e. An individual firm cannot affect the market price.
Suppose Ford, GM, and Dodge make the majority of pick-up trucks sold in the United States If they all sell for approximately the same price, and Ford offers a $2,000 rebate on new truck sales, what can Ford expect to see?
a. an unprecedented increase in truck sales b. an immediate response by GM and Dodge c. a visit from the antitrust authorities of the government d. a revolution from Ford stockholders e. announcements by GM and Dodge that plans are underway to produce a much cheaper pick-up truck in six years