Reasons for the ECB acceding to a bailout of troubled financial sectors in Eurozone nations include all the following, EXCEPT:
A) the desire to recognize bad loans by writing them off to protect the fragile fiscal situation of the troubled nations.
B) the desire to prevent a loss of confidence in euro-denominated debt.
C) a desire to protect core EU banks.
D) a desire to protect the collateral assets in the ECB portfolio.
Answer: A) the desire to recognize bad loans by writing them off to protect the fragile fiscal situation of the troubled nations.
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Shaniq consumes only magazine and CDs. Her income equals $60 per month. CDs are $12 each and magazines are $5 each. What is the equation for her budget line?
A) $60 = Qm + QCD B) $60 = $12Qm + $5QCD C) 12 = -2Qm + 6 D) $60 = 12QCD + 5Qm
What does it mean for an industry to be considered an increasing cost industry?
What will be an ideal response?