Refer to the scenario above. If you lend $30,000 to your friend for 30 years, you will receive ________ when he repays the amount after 30 years

The primary purpose of deposit insurance is to

A) improve the flow of information to investors. B) prevent banking panics. C) protect bank shareholders against losses. D) protect bank employees from unemployment.

If a positive externality is associated with the purchase of smoke detectors:

A. the marginal social benefit of smoke detectors exceeds their price. B. more than the efficient quantity of smoke detectors will be sold. C. the marginal social benefit of smoke detectors equals their price. D. the marginal social benefit of smoke detectors is zero.