Discuss the role of more "transparency" in reducing the risk of financial crisis
What will be an ideal response?
Students should discuss the Asian crisis where foreign banks lent money to Asian enterprises without any clear idea of what the risks were, and then pulled their money out equally blindly when it became clear those risks were larger than they anticipated.
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________ occurs when a person acquires more detailed knowledge and develops more memory and experience, has contacts with others in the same field of endeavor
a. Expertise b. Novice ability c. Intermediate effort d. Prodigy
An example of barter is voluntary work at an old-age home
a. True b. False Indicate whether the statement is true or false
To negotiate a higher wage rate, a union cannot
a. start with a strike and then work to reach a contract to end the strike b. negotiate in good faith and expect to hold its bargaining power c. negotiate without consulting other unions d. offer a supply curve of labor that is vertical e. offer a supply curve of labor that is horizontal
How might a government cause a demand shift to the right?
A. By regulating supplies B. By requiring consumers to purchase certain products C. By causing a shift in consumer tastes D. By increasing taxes