Coordination of economic policies among nations is a prisoner's ________ because if all countries go it alone, they will choose to ________
A) dilemma; compete
B) conundrum; cooperate
C) sentence; compete
D) dilemma; cooperate
E) quandary; collude
A
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Which of the following economic lessons should we take from developing country crises in Latin America (and elsewhere)?
A) Only that it is important to choose the right exchange rate regime. B) Only that banking is of central importance in any government. C) The order in which reform measures are implemented are irrelevant. D) It is important to choose the right exchange rate regime and banking is of central importance in any government. E) The order in which reform measures are implemented are irrelevant and banking is of central importance in any government.
Banks are better at solving the stockholder-lender conflict than rating agencies when they
A) are allowed to hold a substantial ownership stake in the borrowing firm. B) steer clear of holding any ownership stake in the borrowing firm. C) operate in markets-oriented financial systems. D) issue individually-approved loans rather than lines of credit.
___________________________—a term referring to the process of enacting laws that protect individual and entity rights to use their property as they see fit.
a. Property rights b. Rule of law c. Contractual rights d. Compliance rights
An oligopoly is a market dominated by a few sellers
a. True b. False Indicate whether the statement is true or false