A group of musicians performing at a concert for charity in New York is an example of a cluster in economics.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 2The emergence of the subprime mortgage market following the recession of 2001 made it increasingly difficult for low-income individuals to obtain a mortgage.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 3In the United States during the 1980s, there was a movement toward deregulation of industry.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 4Basic research is conducted primarily by manufacturing industries.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 5A mortgage-backed security is a bundle of hundreds of mortgages which represents a claim on the monthly payments made on those mortgages.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 6Antitrust laws in other countries are much stronger than U.S. antitrust laws.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 7The share of research and development funding supported by the private sector has increased over the past three decades.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 8The United States has a dual banking system consisting of state banks and national banks.
a. True
b. False
Indicate whether the statement is true or false
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