The principal innovation that increases the safety of bank deposits is
A. computerized accounting systems.
B. credit cards.
C. automatic teller machines.
D. deposit insurance.
Answer: D
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Firms can acquire access to savings directly ________
A) by issuing securities B) through the payment of taxes to the federal government C) by borrowing from banks D) through the depositing of funds in depository institutions
The process of entry and exit into a monopolistically competitive market continues until:
A. profits are zero. B. long-run equilibrium is reached. C. price is equal to average total cost. D. All of these statements are true.
A monopsony will:
a. hire more workers than a competitive employer. b. pay a higher wage than a competitive employer. c. employ a quantity of labor where the marginal revenue product equals the marginal factor cost. d. all of these.
Civil law provides business with more certainty because it is based on precedent
a. True b. False