Generally speaking, markets do a(n) ____ job of reconciling the demands of fairness and efficiency.

Prior to 1840, most businesses were

A) family-owned. B) corporate in structure. C) vertically integrated. D) collections of partnerships.

Why were banking panics and failures largely eliminated after 1933?

a. There were fewer recessions. b. There was more government spending. c. All U.S. currency began to be backed by gold. d. Congress created deposit insurance. e. The banking sector became less important as the US became a more trade-oriented economy.