In emerging market countries, the deterioration in bank's balance sheets has more ________ effects on lending and economic activity than in advanced countries
A) negative
B) positive
C) affirming
D) advancing
A
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According to the law of demand, if the price of a good increases, other things being equal, the quantity demanded will decrease
a. True b. False Indicate whether the statement is true or false
The sharp rise in the debt-to-GDP ratio in 2008-2009
a. was exclusively automatic due to the effect of declining income on government outlays and tax revenues. b. was exclusively due to an aggressive fiscal policy. c. was exclusively due to military expenditures. d. was partly automatic due to the effect of declining income on government outlays and tax revenues, and partly due to an aggressive fiscal policy. e. was exclusively due to foreign aid expenditures.
The combination of barriers to entry that create monopolies and the product differentiation that characterizes monopolistic competition provide the setting for the creation of an oligopoly
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
A. At the same price, demand is more elastic on the steeper demand curve. B. On a linear demand curve, elasticity is constant. C. On a linear demand curve, the higher the price, the less elastic is demand. D. None are true.