According to Edward Kane, because the banking industry is one of the most ________ industries in America, it is an industry in which ________ is especially likely to occur
A) competitive; loophole mining
B) competitive; innovation
C) regulated; loophole mining
D) regulated; innovation
C
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The best measure of a change in the standard of living is the change in
a. nominal GDP. b. real GDP. c. real per capital disposable income. d. net national product.
If a country begins allowing free international trade in a good, and as a result, it increases imports of that good
a. domestic producers gain more than domestic consumers lose. b. domestic producers lose more than domestic consumers gain. c. domestic consumers gain more than domestic producers lose. d. domestic consumers lose more than the domestic producers gain.
Which statement is true?
A. Poor people generally receive Social Security benefits. B. Medicaid is an "in-kind" benefit paid to poor people. C. Nearly all of the poor receive public assistance. D. None of these statements are true.
Under the assumptions of time series regression, which of the following statements will be true of the following model: yt= 
0+ 1dt + ut?
A. d can have a lagged effect on y. B. ut can be correlated with past and future values of d. C. Changes in the error term cannot cause future changes in d. D. Changes in d cannot cause changes in y at the same point of time.