There are two current trends in the financial industry which run in opposite directions. What are they?
What will be an ideal response?
The first is that large firms are working hard to provide one-stop shopping for financial services. The second is that the financial industry is splintering into a host of small firms, each of which serves a very specific purpose. It is impossible to determine what the future industry will look like; generalist, specialists, or both.
You might also like to view...
If the newspaper reported that wearing plaid clothing was a sure way to obtain good grades, students'
A) budget lines would shift rightward to compensate for the higher price of plaid clothing. B) budget lines would rotate so that more plaid clothing would be purchased. C) preferences would change in favor of more plaid clothing. D) none of the above
"The water that comes out of your faucets at home is not supplied by a competitive firm.". Explain why this statement is correct
An increase in the money wage rate will cause the aggregate supply curve to shift
A. outward, which means the quantity supplied at any price level decreases. B. outward, which means the quantity supplied at any price level increases. C. inward, which means the quantity supplied at any price level increases. D. inward, which means the quantity supplied at any price level decreases.
"The people of America want energy independence." From the economic way of thinking, this statement is
What will be an ideal response?