In order to manage risk of failure and protect guarantors, the Employee Retirement income Security Act (ERISA) established all of the following requirements on pension funds except for minimum
A) disclosure of information.
B) reporting requirements.
C) investment standards.
D) risk-based capital requirements.
D
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Financial institutions that accept deposits and make loans are called
A) exchanges. B) banks. C) over-the-counter markets. D) finance companies.
A perfectly competitive firm with a random demand has an expected demand curve that is ________ its expected price.
A) exactly double B) equal to C) less than D) greater than
The net export function is negatively sloped because exports are inversely related to domestic income
a. True b. False Indicate whether the statement is true or false
The figure below shows the national market for mopeds in a small country. Dd and Sd are the domestic demand and supply curves of mopeds, respectively. Initially, the country's government has a tariff on imports of mopeds. The figure below shows the marginal external benefit curve (MEB) of the country from the production of domestic mopeds.
What will be the impact on the national well-being if, instead of imposing a tariff of $50 per unit, the government provides a subsidy of $50 per unit to the domestic manufacturers
of mopeds? A. The national welfare will decline by $5 million. B. The national welfare will decline by $2.5 million. C. The national welfare will increase by $10.75 million. D. The national welfare will increase by $5 million.