Lack of competition in the United States banking industry can be attributed to
A) the fact that competition does not benefit consumers.
B) the fact that branching has eliminated competition.
C) recent legislation restricting competition.
D) nineteenth-century populist sentiment.
D
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Which of the following is true of modern technology?
a. Improvements in technology have propelled the production possibilities and living standards of people in North America, Western Europe, and several other parts of the world. b. In low-income countries, proven technologies can be either emulated or imported at a low cost. c. Often, perverse institutions and policies in low-income countries undermine the gains from improvements in technology. d. All of the above.
Explain why the arrangement in the use of resources in a market system is not random given the decentralized nature of the system
Please provide the best answer for the statement.
While marketable pollution permits may ________ the total amount of pollution, they may ________ pollution in local areas.
A. increase; decrease B. decrease; increase C. decrease; not change D. not change; increase
Suppose the market demand curve for pizza can be expressed as QD = 100 - 2P + 3Pb, where QD is the quantity of pizza demanded, P is the price of a pizza, and Pb is the price of a burrito. What is the slope of this demand function, and what information does the slope provide?
What will be an ideal response?