All transfer payments are made to people with low incomes.
Answer the following statement true (T) or false (F)
False
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One of the criticisms of Basel 2 is that it is procyclical. That means that
A) banks may be required to hold more capital during times when capital is short. B) banks may become professional at a cyclical response to economic conditions. C) banks may be required to hold less capital during times when capital is short. D) banks will not be required to hold capital during an expansion.
A firm with positive accounting profit may be suffering an economic loss
a. True b. False
Producer surplus is the difference between what the producer receives for a good or service and what the producer is willing to receive
a. True b. False Indicate whether the statement is true or false
When a labor market experiences a surplus of labor, there is downward pressure on
a. the supply of labor. b. the final product price. c. wages. d. the demand for labor.