Which one of the following unexpected events ignited the 2009 euro crisis?
A) Accelerating hyperinflation and political upheaval.
B) The prospect of a sovereign default by one or more euro zone countries.
C) Rising oil prices.
D) Revolutions in Switzerland and Belgium.
E) A Chinese boycott of European products.
B
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Depository institutions
A) make profit from the spread between the interest rate they pay on deposits and the interest rate they receive on loans. B) make a profit according to how much the Federal Reserve pays them. C) make their profit by charging the government for their services. D) make zero profit but receive compensation by the government because their services are so valuable.
The double taxation of dividends typically refers to
A) dividends being taxed first as corporate profits and then as income after being paid to stock holders. B) stock holders paying both income and social security taxes on dividends. C) stock holders paying an income tax and dividend surtax on dividends. D) dividends being taxed at both the state and local level.
One basic way to boost the nation's growth rate is to
a. increase wages paid to labor. b. slow the rate of technical progress. c. reduce the population growth rate. d. accumulate more capital
A rational decision maker takes an action if and only if the marginal benefit exceeds the marginal cost
a. True b. False Indicate whether the statement is true or false