Firms with substantial monopoly power are quite common because many goods are unique
a. True
b. False
Indicate whether the statement is true or false
False
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If knowledge possessed by one party in a financial transaction is not known to the other party, ________ exists
A) fraud B) asymmetric information C) disintermediation D) no financial intermediation
A good definition of the meaning of development is the
a. elimination of absolute poverty. b. improvement in the quality of life. c. fulfillment of the potential of individuals. d. all of the above.
If an asset is considered liquid, then it:
A. can be sold quickly for cash, but tends to lose value. B. can easily be traded for other assets. C. can be sold quickly for cash without much loss of value. D. cannot be sold quickly for cash without much loss of value.
Which of the following is a valid reason to consider government regulation?
a. Seeking some social objective that markets do not achieve. b. Fear that capitalism will prove too productive. c. Desire on the part of government to be useful. d. Requests for protection from an industry. e. All of the above.