AIG provide CDS against
A) insolvency.
B) default risk.
C) illiquidity.
D) none of the above
B
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Classical economists argued that
A) there would always be an excess of saving over investment. B) workers had money illusion. C) excess savings would create unemployment. D) a flexible interest rate would make saving equal to investment.
Which of the following is a drawback of government investment in R&D?
a. Close government scrutiny of R&D projects b. Lack of tax reductions for R&D expenses c. Unclear assignment of patent rights d. Additional costs of government free riders
If the dollar depreciates relative to the Peso, it can be said that
a. Mexican citizens no longer respect the United States. b. the dollar falls in value within the United States. c. it takes fewer dollars to buy Pesos. d. the Peso appreciates relative to the dollar.
In discussing discrimination and the wage differences that exist between men and women and between blacks and whites, it has been said that "the disease is political even if the symptom is economic." What does this mean?
a. Wage differences persist because the political system has failed to enact laws to equalize wages among all groups. b. Wage differences exist because of past discrimination on the part of political bodies such as city councils and school boards. c. Wage differences exist because of the differences in the political views of the different groups. d. Wage differences exist because the political system is biased against paying compensating differentials.