AIG almost went bankrupt in 2008 because
A) the value of the securities underlying its credit default swaps declined significantly.
B) it lacked the collateral required by buyers of its credit default swaps.
C) prices of securities underlying their credit default swaps were hard to determine since they were no longer actively traded.
D) all of the above.
D
Economics
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Specialization in production
a. raises productivity. b. requires money. c. stimulates exchange. d. All of the above are correct.
Economics
When quantity supplied decreases at every possible price, we know that the supply curve has
a. shifted to the left. b. shifted to the right. c. not shifted; rather, we have moved along the supply curve to a new point on the same curve. d. not shifted; rather, the supply curve has become flatter.
Economics