Regulatory capture often occurs because of which of the following?
A) Patent law allows firms to gain monopoly power easily and therefore control a market.
B) Government officials want stronger control over industry regulation.
C) Consumer groups are effective at lobbying the government for industry regulation.
D) Nearly everyone with expertise works in the regulated industry.
D) Nearly everyone with expertise works in the regulated industry.
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The Fed sells a U.S. government security and a bank dealer writes a check for the amount. When the check clears
A) reserves remain unchanged because the decrease of reserves at the dealer's bank is offset by an increase in the reserves at the Fed. B) reserves have fallen by the amount of the reserves times the reserve ratio, and the money supply falls by the difference between the amount of the check and the fall in the reserves. C) reserves have fallen by the amount of the check because the Fed clears the check by reducing the bank's deposits at the Fed. D) reserves increase by the amount of the check because the Fed clears the check by increasing the amount of the bank's deposits with the Fed.
If a person owns 2,000 shares in a corporation which has issued 200,000 shares of stock, that person owns ____ of the company and is entitled to ____ of the dividends
a. 1 percent; 1 percent b. 2 percent; 2 percent c. 10 percent; 10 percent d. 20 percent; 20 percent