One of the concerns of increased bank consolidation is the reduction in community banks which could result in
A) less lending to small businesses.
B) loss of cultural identity.
C) higher interest rates.
D) more bank regulation.
A
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According to Romer
A) capital drives economic growth. B) invention drives economic growth. C) government drives economic growth. D) ideas drive economic growth.
A dominant strategy is one that
a. makes every player better off b. makes at least one player better off without hurting the competitiveness of any other player c. increases the total payoff for one player d. is best for a player, regardless of what strategy other players follow e. leads to quicker convergence to market equilibrium
All of the following are types of decisions that can be made at the margin EXCEPT:
a) whether to grow beans or corn on a large farm b) whether or not to hire 100 new workers c) whether to leave early in the morning or late in the day for a trip d) whether or not to go on a vacation
Explain why the demand for a particular brand of fast food tends to be more elastic than demand for all fast food.
What will be an ideal response?