An inherent weakness of ________ is the absence of the profit incentive
A) government-directed credit
B) government-backed deposit insurance
C) private loans
D) prudential supervision
A
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Which of the following public policies has (have) the effect of restricting competition?
a. licensing b. patents c. import quotas d. a and b only e. a, b, and c
Both those who favor an active approach as well as those who favor a passive approach to policy believe that the economy can suffer from extreme and long-lasting swings in real GDP
a. True b. False Indicate whether the statement is true or false
Inflation-targeting is a practice in which the central bank is legally required to focus only on keeping: a. inflation low
b. unemployment low. c. investment rates high. d. interest rates high.
Monopoly is characterized by
A. a horizontal demand curve. B. many close substitutes. C. no barriers to entry. D. a downward sloping demand curve.