Which of the following statements is true of the U.S. economy?
A) No bank runs have occurred after 1990 in the U.S. economy.
B) The number of bank runs decreased after the FDIC was established.
C) Almost one-fourth of the U.S. banks failed during the Great Depression.
D) No bank runs have occurred before 1990 in the U.S. economy.
B
You might also like to view...
From an economist's perspective, an important consideration for policies to address global warming is:
A. The market for recyclable inputs B. The supply and demand for recycled products C. The marginal cost and marginal benefit of the policies D. A lawsuit that can arise from the enactment of the policies
Answer the following statement(s) true (T) or false (F)
1. Once entry and exit have driven economic profits to zero, the demand curve and average total cost curve will be tangent to each other. 2. In monopolistic competition, increasing output to lower average total cost is unprofitable. 3. In monopolistic competition, the tendency is for an industry to have too few firms. 4. With monopolistic competition, society is willing to pay more for the product than it costs society to produce it. 5. With monopolistic competition, firms fail to meet allocative efficiency because marginal cost is more than price.