Which of the following may be used in an attempt to correct market failure?
A. Laws and regulations.
B. Government failure.
C. Laissez faire price policies.
D. The market mechanism.
Answer: A
Economics
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On a bank's balance sheet, bank capital is considered:
A) an asset B) a liability C) the difference between a firm's assets and it's shareholder's equity D) the total amount of funds banks have availability to make loans
Economics
One advantage of the Herfindahl index over the concentration ratio is that it:
A. gives extra weight to firms that are especially large. B. is easier to calculate. C. tells about only the top 50 firms in an industry. D. takes into account only the leading firms in an industry.
Economics