By 2012, what share of U.S. assets were held by the 10 largest banks in the United States?
A) 10%
B) 29%
C) 55%
D) 68%
C
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When a monopoly price discriminates, it
A) increases the amount of consumer surplus. B) decreases its economic profit. C) converts consumer surplus into economic profit. D) converts economic profit into consumer surplus. E) has no effect on the deadweight loss in the market.
If a firm has a monopoly in both the production and distribution of a product and the managers of both the production and distribution divisions maximize profits, all of the following are true except which one?
A) Double marginalization will occur within the firm. B) The firm will maximize its total profit. C) The firm will not earn the maximum total profit. D) A successive monopoly will occur within the firm.
The money supply known as M3
a. does not include credit union accounts b. excludes certificates of deposit c. includes M2 + large denomination time deposits and repurchase agreements d. excludes travelers' checks e. does not include demand deposits
An expansionary fiscal policy increases a government budget deficit or reduces a government budget surplus.
a. true b. false