Unlike banks, ________ have been allowed to branch statewide since 1980
A) federally-chartered S&Ls
B) state-chartered S&Ls
C) financially troubled S&Ls
D) technically insolvent S&Ls
A
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Briefly describe and discuss the different ways a natural monopoly can be regulated: Marginal cost pricing, average cost pricing, rate of return regulation, and price cap regulation
What will be an ideal response?
The only type of business that faces unlimited liability is a corporation
Indicate whether the statement is true or false
A subsidy on a product will generate more actual benefit for consumers (and less for producers) when
a. the supply of the product is relatively inelastic. b. the supply of the product is relatively elastic. c. the demand for the product is relatively elastic. d. either a or c is true.
Which of the following statements is CORRECT?
A. When the real wage increases, the labor supply curve shifts leftward. B. None of these statements are correct. C. When the real wage decreases, the labor supply curve shifts leftward. D. When the real wage increases, the labor supply curve shifts rightward.