In 2008, commercial banks' share of the U.S. credit market changed as a result of
A) commercial banks that experienced significant difficulties resulting from real estate investments applied for status as investment banks.
B) investment banks that experienced significant difficulties resulting from real estate investments applied for status as commercial banks.
C) increasing returns on real estate investments led commercial banks to expand.
D) increasing returns on real estate investments led investment banks to expand.
Ans: B) investment banks that experienced significant difficulties resulting from real estate investments applied for status as commercial banks.
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Bertha considers borrowing funds to invest in expanding her dress shop. She is less likely to do that if interest rates increase.
a. true b. false
A collective-action problem is a situation in which:
A. people are often reluctant to voluntarily pay for goods and services that provide benefits for everyone, even for those who don't pay. B. people are reluctant to voluntarily pay for goods and services because they believe their individual contribution will not make a difference. C. a group of people stand to gain from an action that is not rational for any of the members to undertake individually. D. a small group of individuals gains power that sways the decisions of society to their personal gain at the expense of the larger society.