Savers have less incentive to care what their bank is doing with their money because their deposits are federally insured. This is a problem of

Over the past 40 years, which of the following has the U.S. economy experienced?

A) persistent inflation B) persistent deflation C) secular deflation D) hyperinflation with prices rising at over 100 percent per year

External economies of scale often arise because similar firms

A) locate in the same geographic region. B) collude to fix prices and increase profits. C) have excellent internal logistics. D) agree to cooperate to expand global trade. E) have economies of scale in production.