Many rural bank failures in the 1980s can be attributed to
a. the high farm prices of the 1970s that continued to rise in the 1980s and 1990s
b. farmers' reluctance to buy more machinery and expand production due to the high farm prices of the 1970s
c. the collapse of farm prices and land values in the early 1980s
d. numerous loans made to oil-export economies such as Mexico and Venezuela
e. the lack of rural loan portfolios being involved in farm ventures
C
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If a 10% currency appreciation results in a 10% decrease in the price of imported goods, then this is called
A) a complete pass-through. B) the Marshall Lerner condition. C) a partial pass-through. D) import inflation.
When a second firm enters a monopolist's market, the initial demand curve facing the monopolist will:
A. shift to the left. B. shift to the right. C. remain the same. D. None of these
Cyclical unemployment is that which rises in recessions and shrinks during expansions.
Answer the following statement true (T) or false (F)
Which of the following policies would not prevent the Social Security trust fund from running out of assets?
A) Reduce promised benefits B) Reduce taxes C) Increase taxes D) Earn a higher rate of return