Assume the short-run average total cost for a perfectly competitive industry increases as the output of the industry expands. In the long run, the industry supply curve will:

Most bank loans are __________ maturity by the bank because of the __________ in monitoring how the borrower maintains his obligations

A) held to; ease B) held to; difficulty C) sold before; ease D) sold before; difficulty

The purpose of a financial sector is ________

A) to minimize the payments firms make to state and local governments B) to maximize the payments firms make to state and local governments C) to channel funds away from households and firms with surplus funds D) to channel monies into socially acceptable causes