The World Bank specializes in making loans to
A. industrialized nations.
B. communist nations.
C. African nations.
D. developing nations.
Answer: D
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Which of the following statements about Coasian reasoning is true?
a. Coasian reasoning lacks symmetry, it does not provide a starting point for negotiations toward an efficient outcome. b. Coasian reasoning emphasizes on the benefits received by the person having more rights compared to the others in the group. c. Coasian reasoning explains how the costs and benefits of a transaction are distributed among the parties. d. Coasian reasoning provides a starting point for negotiations toward an efficient outcome, if the cost of negotiation is low.
The profit-maximizing firm should continue hiring additional labor as long as: a. MRC < MRP
b. MRC > MRP. c. MRC = MRP. d. the MP of labor > 0.
The primary purpose of the legal reserve requirement is to:
A. prevent banks from hoarding too much vault cash. B. provide a means by which the monetary authorities can influence the lending ability of commercial banks. C. prevent commercial banks from earning excess profits. D. provide a dependable source of interest income for commercial banks.
The type of risk that pushes the returns from all investment in the same direction at the same time is:
A. Idiosyncratic B. Diversifiable C. Systemic D. Time preference