The experience of disintermediation in the banking industry illustrates that
A) more regulation of financial markets may avoid such problems in the future.
B) banks are unable to remain competitive with other financial intermediaries.
C) consumers no longer desire the services that banks provide.
D) markets invent alternatives to costly regulations.
D
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There are debt relief programs currently available for highly indebted poor countries
Indicate whether the statement is true or false
If a monopoly wishes to sell more output, it must:
A. find a more cost effective way to produce its goods. B. lower the price. C. be in the economies of scale range of its ATC. D. eliminate its existing competition.
The protectionist view
a. argues that nations should protect their borders from transboundary pollution b. believes that trade can create unfair competition or lose jobs to other nations c. supports environmental policy only if it protects domestic jobs d. ignores environmental issues, focusing only on the effects of trade on competition and employment
The price of a good that prevails in a world market is called the
a. absolute price. b. relative price. c. comparative price. d. world price.