Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010)
a. Reducing systemic threats to the U.S. financial system.
b. Slow economic growth and the need for Congress to increase spending.
c. Solving the "too big to fail" problem in the U.S. financial system.
d. Improving credit rating agency performance and accountability.
.B
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A firm in monopolistic competition that is maximizing profit ________
A. always makes a positive economic profit in the short run B. never needs to shut down because its price always exceeds minimum average variable cost C. might, in the short run, sell at a price that is less than average total cost D. shuts down temporarily if it incurs a loss equal to total variable cost
Privatization of a state-owned monopoly can
A) allow governments to capture future producer surplus. B) allow governments to be more efficient. C) reduce bribery of government officials. D) increases chances of reelection for politicians.