We expect the demand curve in the perfectly competitive industry to be

Which of the following would be an example of capital deepening?

(A) Laying off employees when a factory is modernized. (B) Moving a manufacturing plant overseas where labor costs are lower. (C) Paying for an employee to take college courses. (D) Permitting two workers to share one job.

Nationwide banking might reduce bank failures due to

A) reduced competition. B) reduced lending to small businesses. C) diversification of loan portfolios across state lines. D) elimination of community banks.