The Basel Capital Accord does NOT include
A) requiring bank owners to invest into and have some capital ownership in the banks they own.
B) supervision of banks by an oversight board.
C) information disclosure designed to encourage market discipline.
D) denying access to foreign capital by a country that defaults on its international loans.
E) None of the above.
D
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When economists say the quantity demanded of a product has increased, they mean the:
a. demand curve has shifted to the left. b. demand curve has shifted to the right. c. price of the product has fallen, and consequently, consumers are buying more of it. d. price of the product has risen, and consequently, consumers are buying less of it.
Economists regard events from the past as
a. irrelevant, since history is unlikely to repeat itself. b. of limited interest, since those events seldom provide any useful economic data. c. interesting but not particularly valuable, since those events cannot be used to evaluate present-day economic theories. d. interesting and valuable, since those events are capable of helping us to understand the past, the present, and the future.
Suppose $1=10.5 pesos in new York and $1=9.6 pesos in mexico city. If you had $10,000 using arbitrage, your profits would be
A) $(10,000*10.5/9.6)-$10,000= $937.50 B) $[10,000*(10.5 -9.6)] = $9000 C) [10,000*(10.5 -9.6)] pesos = 9000 pesos D) $(10,000*9.6/10.5) = $9,142.8613.
New growth theorists believe that
A. inventions spread very rapidly, thereby curtailing the need for more innovations. B. economic growth is due to capital spending and not research and development spending since much research and development spending fails to produce an invention. C. economic growth comes from innovation. D. economic growth comes only from saving.