Many rural bank failures in the 1980s can be attributed to
a. the high farm prices of the 1970s that continued to rise in the 1980s and 1990s
b. farmers' reluctance to buy more machinery and expand production due to the high farm prices of the 1970s
c. the collapse of farm prices and land values in the early 1980s
d. numerous loans made to oil-export economies such as Mexico and Venezuela
e. the lack of rural loan portfolios being involved in farm ventures
C
You might also like to view...
Which of the following is NOT correct regarding the theories of income distribution?
A) Dealing with how income ought to be distributed is a normative issue. B) The productivity standard for the distribution of income is stated "to each according to what they produce." C) The egalitarian principle of income distribution is "to each exactly the same." D) Dealing with how income should be distributed is a positive economic issue.
The equilibrium wage will definitely rise if:
a) Both the supply of labor and the demand for labor increase. b) Demand for labor increases and the supply of labor is constant. c) Demand for labor decreases and the supply of labor is constant. d) Supply of labor increases and the demand for labor is constant.