The corporation with the largest dollar loss in 2008 was
A. AIG.
B. Fannie Mae.
C. General Motors.
D. Merrill Lynch.
A. AIG.
You might also like to view...
An exogenous rise in government expenditures will have the same effect on GDP as an equal rise in either autonomous ________ or autonomous ________
A) consumption; investment B) taxes; consumption C) savings; investment D) taxes; investment
A price ceiling is binding when
a. the government sets price above market equilibrium price. b. the equivalent of an implicit tax on producers and an implicit subsidy to consumers. c. the government sets price below market equilibrium price. d. Both b and c.
A "free rider" is an individual who reaps
A. Indirect benefits from someone else's purchase of a public good. B. Direct benefits from someone else's purchase of a public good. C. Direct benefits from someone else's purchase of a private good. D. Indirect benefits from someone else's purchase of a private good.
Which statement is true?
A. We have a national debt over $12 trillion. B. We have a federal budget deficit of over $8 trillion. C. We had 4 years of budget surpluses during Bush II administration. D. We had budget deficits every year of the Clinton administration.