The most important developments that reduced banks' income advantages include
A) the increase in off-balance sheet activities.
B) the growth of securitization.
C) the elimination of Regulation Q ceilings.
D) the competition from money market mutual funds.
B
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The implementation of new production methods by managers, such as the "just-in-time" inventory system, increases:
A. the quantity of human capital. B. the share of the population employed. C. the unemployment rate. D. average labor productivity.
Suppose the quantity demanded of ice cream cones increases from 400 to 425 cones a day when the price is reduced from $1.50 to $1.25. In this situation, the elasticity of demand, calculated using the average method, is
A) 3. B) 1. C) 0.33. D) 1.33.
The federal government _______ securities (treasury bonds, notes, and bills) to cover its budget deficits.
a. buys b. sells c. trades d. creates
Which of the following is not an example of a government-imposed entry barrier?
A) patents B) occupational licensing C) barriers to international trade D) antitrust legislation