(Last Word) The Assistant U.S. Attorney General in charge of prosecuting financial crimes did which of the following in response to HSBC bank's years of money laundering and helping firms and individuals cheat on their taxes?
A. Imposed fines on HSBC and prosecuted key executives so as to diminish moral hazard in
the financial services industry.
B. Filed an antitrust lawsuit so as to break up HSBC without disrupting the financial system.
C. Imposed only modest fines on HSBC so as not to destabilize the bank and the financial
system.
D. Imposed sanctions based on the provisions of the 2010 Wall Street Reform and Consumer
Protection Act.
C. Imposed only modest fines on HSBC so as not to destabilize the bank and the financial
system.
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For a monopsonistic hirer of labor, the gap between labor's marginal revenue product and its wage rate will be greater:
a. the more elastic the supply curve for labor. b. the more inelastic the supply curve for labor. c. the more elastic the firm's demand for labor. d. the more inelastic the firm's demand for labor.
A technological advance that increases labor productivity will:
a. decrease the supply of labor as fewer workers are needed. b. increase the demand for labor as MP rises. c. decrease the demand for labor as fewer workers are needed. d. lower wages.
Monetary and fiscal policies that encourage the long-run growth of net investment and increase labor productivity are designed to move the economy in Figure 17.1 from point
A. D to point C. B. B to point D. C. C to point B. D. C to point A.
Which of the following result from a change in the money supply brought about by an open market purchase?
A) lower interest rate, higher exchange rate, decreased demand for investment and net exports B) higher interest rate, higher exchange rate, increased demand for investment and decreased demand for net exports C) lower interest rate, lower exchange rate, increased demand for investment and net exports D) higher interest rate, lower exchange rate, decreased demand for investment and increased demand for net exports