The key factor leading to the financial crises in Mexico and the East Asian countries was
A) a deterioration in banks' balance sheets because of increasing loan losses.
B) severe fiscal imbalances.
C) a sharp increase in the stock market.
D) a sharp decline in interest rates.
A
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The brewing industry is dominated by a small number of very large producers who sell a differentiated product. The market structure that best fits the brewing industry is probably
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.
One of the merits of plurality voting is:
A. it produces a result that most participants are happy with. B. its simplicity. C. it guarantees the best option will win. D. it has all four criteria for an ideal voting system.
For the monopolistically competitive firm, the demand curve it faces will be steeper the:
A. more easily the good can be substituted. B. less easily the good can be substituted. C. more complement goods are available. D. less complement goods are available.
For any competitive labor market, what change would have to occur to cause the labor supply to increase and shift the supply curve right?
A. Number of firms increases B. Opportunity cost of work decreases C. Number of workers decreases D. Opportunity cost of work increases