Monopolies reduce market efficiency compared to perfectly competitive markets.
Answer the following statement true (T) or false (F)
True
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What was a primary cause of bank closures during the late 1920s and early 1930s?
a. Banks issued large numbers of subprime, adjustable rate mortgages that borrowers could not afford. b. Large numbers of people, hearing rumors of trouble, withdrew their money from banks. c. Financial problems in other countries led many foreign investors to withdraw their money from the United States. d. Criminal bank owners and managers, who fraudulently removed money from their banks.
List three bogus arguments about the “burden of the debt,” and point out the errors in each of the arguments.
What will be an ideal response?
The University of Iowa was voted the #1 "party school" in 2013 . The University of Iowa is located in Iowa City. At the end of August each year, the market demand for beer in Iowa City
a. decreases. b. increases. c. remains constant, but we observe a movement downward and to the right along the demand curve. d. remains constant, but we observe a movement upward and to the left along the demand curve.
Which of the following is a way banks reduce risk?
a) Screening firms. b) Evaluating firms. c) Monitoring firms. d) Pooling money into portfolios.