During the 2007-2009 financial crisis, the U.S. government decided that Lehman Brothers was not too big to fail and that AIG was too big to fail
a. True
b. False
Indicate whether the statement is true or false
True
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In 2002 - 2003, some McDonalds' franchise owners reported that profits were declining from selling the discounted items from the Dollar Menu. This suggests that:
A) those items are price elastic. B) those items are price inelastic. C) those items are price unitary elastic. D) none of the above.
What does scarcity have to do with the fact that people must make choices?
What will be an ideal response?
The aggregate demand curve is drawn downward-sloping, because increases in the price level cause decreases in:
a. unemployment. b. total spending (real GDP). c. households' savings. d. the value of the dollar.
Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor country GDP?
A. Australia. B. Norway. C. The United Kingdom. D. Japan.