Explain the causes of the U.S. Savings and Loans crisis of the early 1980s
What will be an ideal response?
On the one hand, allowing S&L to make much riskier loans, for example, loans on commercial real estate. On the other hand, inadequate examination for the new situation and depositors, together with increase in interest rate due to increased inflation rate.
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When a U.S. company purchases $1 million worth of French cheese, the value of that transaction is recorded in the
A) current account. B) capital and financial account. C) transfer account. D) investment account. E) goods account.
The range in which a duopoly's output falls is less than or equal to the output level in ________ and more than or equal to the output level in ________
A) monopolistic competition; monopoly B) monopolistic competition; perfect competition C) perfect competition; monopoly D) monopoly; monopolistic competition E) monopoly; perfect competition