Deleveraging is the process of reducing leverage, and therefore increasing the risk to capital from any further declines in asset prices

A natural monopoly

A) has one lowest-cost producer in the industry. B) exists only when it is regulated. C) has long-run average costs equal to zero. D) always experiences diseconomies of scale.

The system of grants from one level of government to another is an example of fiscal federalism.

Answer the following statement true (T) or false (F)