Banks that were so large in terms of assets or customers, or so historically important, that banking regulators allowed the bank to keep operating despite insolvency after the housing market crash were called:
A. too small to fail.
B. too large to succeed.
C. too small to succeed.
D. too large to fail.
D. too large to fail.
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Government participation in railroad construction was highest in
(a) New England. (b) the South. (c) the Midwest. (d) the Great Lakes Region.
Government intervention can be productive and efficiency enhancing:
A. whenever it regulates a market. B. in markets for public goods and common resources. C. because the government always acts with altruistic motives. D. except in markets for public goods.
A market situation where a small number of sellers compose the entire industry is called
a. monopolistic competition. b. monopsony. c. monopoly. d. oligopoly.
Which of the following represents the wage setting relation when changes in labor productivity are allowed to occur?
A) W = PeF(u,z) B) W = P(1 + m) C) W = PeF(u,z)/A D) W = AP/(1 + m) E) none of the above