Most of the bank failures in the 1980s and 1990s occurred
a. in states that were rural and in states where the oil industry was important
b. in states where there was a large level of new investment in commercial property
c. in states with large urban populations such as New York, Michigan, and Pennsylvania
d. because of mismanagement, having little to do with the state of the economy
e. in states where the population was growing very slowly or actually declining
A
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Capital flight refers to:
A. the tendency of large corporations of IACs to build new plants in the DVCs because labor is cheaper. B. DVC citizens accumulating or investing their savings in the IACs. C. the high international mobility of speculative funds caused by variations in exchange rates. D. the tendency of DVCs to overinvest in commercial aircraft.
Answer the following statement(s) true (T) or false (F)
1. Economic growth is typically measured in terms of real GDP per capita. 2. A slight difference in economic growth rates between two countries generally results in only minor differences in wealth in the long term. 3. A rise in productivity usually results in a higher standard of living. 4. A country that is increasing its rate of consumption is reducing its level of production. 5. The four factors that determine productivity and economic growth are natural resources, human capital, physical capital, and technology.