The commercial paper market was an important ingredient for the Great Recession because:
a. It is the market on which mortgages are financed, and, due to the Great Recession, this market dried up.
b. It is the market on which many companies finance their daily working capital needs and, due to the Great Recession, this market dried up.
c. The commercial paper market was the only financing source open to companies during the great recession.
d. All of the above.
.B
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From the 1ate 1780s to immediately before the Civil War, the U.S. slave population:
a. increased from roughly 300,000 to over 6 million. b. increased from roughly 600,000 to almost 4 million. c. stayed roughly the same. d. increased by nearly 10 million.
Which of the following is characteristic of the marginal revenue product schedule for a resource?
a. It approximates the firm's demand curve for the resource. b. It measures the change in total revenue resulting from employing an additional unit of the resource. c. It is determined by multiplying the marginal product of the resource by the marginal revenue of the good produced. d. All of these are true.
"The value of the next best alternative" defines
A. the Law of Increasing Costs. B. the economic problem. C. allocative efficiency. D. opportunity cost.
The formal recognition of the threat to the European Union allowed for ________ because the systemic risk clauses of Articles 123 and 125 were invoked.
A. cross-national bailouts B. purchase of debt by the European Central Bank C. tax cuts D. increases in spending