What appears to have been one of the major causes of the Asian financial crisis?
What will be an ideal response?
Government directed credit programs
Economics
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The lottery this evening is worth $50 million dollars in your state. There are two people in your neighborhood that are buying lottery tickets. One is a student with little financial knowledge or business acumen
The other is a successful entrepreneur that is earning 20% rate of return on his business. Which of these people is likely to check off the "cash" option on the ticket and which is likely to choose the structured payout and why?
Economics
It is impossible to create a free market system that promotes economic efficiency
Indicate whether the statement is true or false
Economics