Which statement is false?
A. Until the 1980s, S & Ls were legally barred from paying shareholders more than a certain rate of interest.
B. S & Ls were not in financial trouble until the late 1980s.
C. The 1980s was not a very good decade for the S & Ls.
D. Until the 1980s only commercial banks were legally allowed to issue checking accounts.
B. S & Ls were not in financial trouble until the late 1980s.
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The GDP of Country X in a particular year was $820,000. If the value added by U.S
workers in the production of various goods and services in Country X during that year was worth $150,000 and the value added by the workers of Country X in the production of various goods and services in other countries during that year was worth $130,000, the GNP of Country X during that year was ________. A) $1,140,000 B) $135,000 C) $8,235,000 D) $800,000
Wages in Baltonia are downwardly rigid. Which of the following will happen if a recession occurs in the country?
A) Employment will fall less than if wages were flexible. B) Unemployment will fall less than if wages were flexible. C) Employment will fall more than if wages were flexible. D) Unemployment will fall more than if wages were flexible.
The three sources of private direct investment in developing nations are
A) bank loans, government loans, and Eurobond issues. B) bank loans, portfolio investments, and foreign direct investments. C) portfolio loans, IMF loans, and government loans. D) foreign direct investment, government loans, and Eurobond issues.
Because it is based on the demand for products, the demand for labor is called
a. a substitution demand b. a complementary demand c. an income demand d. a derived demand e. a marginal demand