The influence of technological change on market structure
a. invariably leads to domination by a few firms
b. depends on whether it increases or decreases minimum efficient scale
c. tends to increase concentration
d. depends on whether it increases or decreases the product's value
e. depends on foreign competition
B
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Which of the following statements is correct?
A) Federal Reserve district banks are owned by the government. B) Member banks receive no return on the stock they own in Federal district banks. C) Federal Reserve district banks pay dividends on their earnings to member banks. D) The boards of directors of the district banks are all local bankers.
If a bank lends funds in the form of cash, then:
a. M2 stays the same, but M1 rises. b. M1 and M2 fall. c. M1 and M2 do not change. d. M2 rises, and M1 falls. e. M1 and M2 rise.