Which of the following IACs (industrially advanced countries) gave the smallest share of its GDP to foreign aid or development assistance to DVCs (developing countries) in 2012?
A. United States
B. Japan
C. Canada
D. Germany
A. United States
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The proposed Basel II capital adequacy rules
A) address the incentive banks have to switch from riskier to safer assets. B) avoid the use of statistical rules by relying mostly on "common sense." C) use highly theoretical measures of risk. D) will likely be adopted initially to a handful of large banks with significant international exposure.
The accompanying figure shows the demand curve for a product that can be sold only in whole-number amounts.
What is the maximum price that any buyer would be willing to pay for the first unit?
A. 15 B. 25 C. 35 D. 40
The unemployment rate is the fraction of the labor force without a job.
Answer the following statement true (T) or false (F)
The more elastic the demand curve, a monopoly
A) will have a larger Lerner Index. B) will face a lower marginal cost. C) will earn more profit. D) will lose more sales as it raises its price.