When the housing bubble collapsed, the entire borrowing and lending engine of the economy ground to a halt because:
A. banks wanted to lend to no one, in case they turned out to be a bad risk.
B. the herd instinct became to not borrow or lend.
C. no one could tell which banks were safe, and which were not.
D. All of these statements are true.
Answer: D
Economics
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Why does the government sometimes give monopoly power to a company by issuing a patent?
(A) The government does not want competition for the product. (B) The company pays the government for the patent. (C) The company can then profit from their research without competition. (D) The company makes a product better than anyone else's.
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Discuss what you believe might be one of the disadvantages of using the Gini coefficient
What will be an ideal response?
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