Brazil's 1999 crisis was relatively short lived because
A) Brazil's financial institutions had avoided borrowing all together.
B) Brazil's financial institutions had avoided heavy borrowing in local currency.
C) Brazil's financial institutions had avoided heavy borrowing in dollars.
D) Brazil's financial institutions had extended low-interest loans.
E) Brazil's financial institutions had extended high-interest loans.
C
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Returns to scale refers to the change in output when
A) all inputs increase proportionately. B) labor increases holding all other inputs fixed. C) capital equipment is doubled. D) specialization improves.
The “random walk” theory
A. has been widely used by stock brokers to advise clients about stock purchases. B. implies that stock prices can easily be predicted by stock analysts. C. implies that rumors, news, and other “signals” have an effect on stock prices. D. implies that a stock’s past performance is an excellent predictor of its future performance.
Employers and workers in the protected industry know that the consequences of protection are principally:
a. lower prices for their output, lower profits for owners, and lower wages for workers. b. higher prices for their output, lower profits for owners, and lower wages for workers. c. higher prices for their output, lower profits for owners, and higher wages for workers. d. lower prices for their output, higher profits for owners, and higher wages for workers. e. higher prices for their output, higher profits for owners, and higher wages for workers.
From the date a U.S. patent is granted to a firm, it ceases to be a potential source of monopoly profits after
A. 7 years. B. 20 years. C. 14 years. D. 1 year.