________ is among the ingredients of "a first-rate financial system."
A) Government-directed credit to key economic sectors
B) Greater efficiency of state-owned banks
C) Legal reform to strengthen financial contracts
D) Saving rates of 20% or more
C
Economics
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The text asserts that the allocation of resources among firms is efficient. What assumptions must hold for this to be true?
What will be an ideal response?
Economics
The divergent behavior of unemployment in the United States and Europe, especially in the 1990s,
a. has been ascribed to different structural characteristics of money markets in the two regions. b. has been attributed to different structural characteristics of labor markets in the two regions. c. cannot be explained for these two regions. d. has been explained with different demographic factors in the two regions.
Economics