The use of high leveraging by banks leads to the banking system's:
A. Competitiveness
B. Instability
C. Vital role in the economy
D. Monopoly power
B. Instability
You might also like to view...
Skill-biased technological change increases wage inequality by altering the ________ high-skilled workers relative to low-skilled workers.
A. reservation price of B. supply of C. demand for D. mobility of
The above figure shows three different supply-and-demand graphs. Which graph best represents the market for workers at your nearest fast-food restaurant?
A) Graph A B) Graph B C) Graph C D) None of the above.
Concentration ratios measure the:
A. geographic location of the largest corporations in each industry. B. degree to which product price exceeds marginal cost in various industries. C. percentage of total industry sales accounted for by the largest firms in the industry. D. number of firms in an industry.
Why is it that a monopolistically competitive firm cannot earn positive economic profits in the long run?
What will be an ideal response?