One negative consequence of regulatory competition is:
A. financial institutions often seek out the most lenient regulator.
B. it minimizes competition.
C. it is expensive.
D. financial institutions are over regulated at a cost to customers.
Answer: A
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Suppose k = 0.2. With a $200 billion increase in the money supply, the LM curve shifts
A) to the right by $40 billion. B) to the left by $160 billion. C) to the left by $200 billion. D) to the right by $1000 billion.
Which of the following statements is (are) true concerning a pure competition situation?
a. Its demand curve is represented by a vertical line. b. Firms must sell at or below market price. c. Marginal revenue is equal to price. d. both b and c e. both a and b
The entrepreneur
a. serves as a liaison between management and labor b. owns all of the factors of production c. allocates the risk and uncertainties of enterprise to others d. assumes the risk and uncertainties of enterprise e. earns more than labor
Jen is a waitress, and she gets paid an additional $2.00 per hour for agreeing to work on Valentine's Day. Jamie is also a waitress, but she did not work on Valentine's Day and hence did not get the extra $2.00 per hour. This difference in pay is an example of differences in human capital
a. True b. False Indicate whether the statement is true or false