In 1981, the combined net worth of the entire savings-and-loan industry in the United States was estimated by economists to be
A) $150 billion.
B) close to zero.
C) -$20 billion.
D) -$150 billion.
D
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Possession of information by one party in a financial transaction but not by the other party is
A) symmetric information. B) asymmetric information. C) informational hazard. D) financial intermediation.
The following does not represent a threat to internal validity of randomized controlled experiments:
A) attrition. B) failure to follow the treatment protocol. C) experimental effects. D) a large sample size.
From 1865 to 1900, the production of wheat, corn, and cotton
A. increased much more slowly than population growth. B. increased somewhat more slowly than population growth. C. increased at about the same pace as population growth. D. increased faster than population growth.
A positive cross-elasticity of demand between two goods indicates that the two goods are both normal goods.
a. true b. false