What mechanism assures that firms produce outputs that consumers actually desire?
a. governmental regulations on the mix of outputs
b. altruism
c. the desire for profit
d. a desire to serve others without thought of reward
e. All of the above are correct.
c
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A mutual fund
a. is a financial market where small firms mutually agree to sell stocks and bonds to raise funds. b. is funds set aside by local governments to lend to small firms who want to invest in projects that are mutually beneficial to the firm and community. c. sells stocks and bonds on behalf of small and less known firms who would otherwise have to pay high interest to obtain credit. d. is an institution that sells shares to the public and uses the proceeds to buy a selection of various types of stocks, bonds, or both stocks and bonds.
Marginal revenue at the profit-maximizing/loss-minimizing amount is
A. $4.
B. $12.
C. $14.
D. $20.
The term "currency drain" refers to an increase in currency held outside banks
Indicate whether the statement is true or false
"The internationalization of banking has weakened national safeguards against banking collapse, but at the same time it has made the need for effective safeguards more urgent." Discuss
What will be an ideal response?