Under the Gramm-Leach-Bliley Act the oversight of the securities activities of bank holding companies belongs to
A) the SEC.
B) the Comptroller of the Currency.
C) the U.S. Treasury.
D) the Federal Reserve.
A
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Which cost curve is continually upward sloping?
a. the average total cost curve b. the total cost curve c. the marginal cost curve d. the average variable cost curve
From 1998 to 2010, the cost of building a nuclear plant increased from $3 billion to $10 billion. If the marginal cost of producing electricity stays the same, then the average variable cost of producing electricity ________ while the average total cost of producing electricity ________.
A. stays the same; increases B. decreases; stays the same C. increases; stays the same D. decreases; increases
One criticism of the corporate income tax is that
A. it is so complex to administer that corporate income taxes are rarely collected by the Internal Revenue Service. B. it is too regressive. C. a portion of the corporations' tax burden is passed on to consumers via higher prices for goods and services and to workers via lower wages. D. it is too flat.
_________the principle that "cheap money drives out dear money"; given an alternative, people prefer to spend less valuable money
A. law of demand B. diminishing marginal returns C. Gresham's law D. gold standard