Which statement below is true for a price taker?
A) Marginal revenue can only be positive.
B) Marginal revenue can only be negative.
C) Marginal revenue can only zero.
D) Marginal revenue can be positive, negative, or zero.
A
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Microprudential supervision does all of the following EXCEPT
A) checking capital ratios of a bank. B) checking a bank's compliance with disclosure requirements. C) assessing the riskiness of an individual bank's activities. D) focusing on financial system liquidity.
The welfare loss associated with the outcome in a competitive oligopoly is:
A. bigger than that of a monopoly. B. smaller than that of a monopoly. C. the same as that of a monopoly. D. the same as that of colluding oligopolists.
The forward exchange market:
a. Is a market with no default risk. b. Is the market for current deliveries but future payments. c. Handles transactions for individuals or companies who would like to reduce foreign exchange risk by locking in exchange rates now. d. Is the market for current delivery.
When two variables have a negative correlation,
a. they tend to move in opposite directions. b. they tend to move in the same direction. c. one variable will move while the other remains constant. d. the variables' values are never positive.