Holding the money deposits of businesses and households and making loans to the public are the basic functions of:
Commercial banks and thrift institutions
The Federal Deposit Insurance Corporation and the Federal Savings and Loan Insurance Corporation
The Open Market Committee and the Board of Governors
District banks of the Federal Reserve System
Commercial banks and thrift institutions
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Not surprisingly, when financial institutions have consolidated more services under one roof, the amount of conflicts of interest has ________, which has led to ________ in unethical behavior
A) increased; an increase B) increased; a decrease C) decreased; an increase D) decreased; a decrease
Additional firms often do not try to compete with a natural monopoly because
a. they fear retaliation in the form of pricing wars from the natural monopolist. b. they are unsure of the size of the market in general. c. they know they cannot achieve the same low costs that the natural monopolist enjoys. d. the natural monopoly does not make a large profit.
Since the government has been paying out farm subsidies
A. the number of family farms has increased by about 40 percent. B. the number of family farms has increased by 10%. C. the number of family farms has decreased by 10%. D. the number of family farms has decreased by 70 percent.
The aggregate supply curve slopes
A. downward because firms can sell more at lower prices. B. downward because firms can hire more workers at lower prices. C. upward because firms want to hire more workers at higher wage levels. D. upward because firms can hire workers at fixed wages for short-run periods.