Banks' Responses to decline in traditional banking
What will be an ideal response?
Ans: make riskier loans, pursue off-balance sheet activities
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Goods that are used for the production of other goods are referred to as:
A) consumer durable goods. B) consumer capital. C) physical capital. D) public goods.
The local symphony recently raised its price for tickets to their summer concerts in the park. At the end of the summer season, the symphony was surprised to see that total revenue had actually decreased. The reason was that the elasticity of demand for tickets was
A. unit elastic. B. inelastic. C. elastic. D. Not enough information is given.
Explain why a nation is a borrower if its current account is in deficit at a given point in time.
What will be an ideal response?
If the profit-maximizing markup factor in a six-firm Cournot oligopoly is 3, what is the corresponding market elasticity of demand?
A. ?1.25 B. 0.08 C. ?0.25 D. None of the answers are correct.