Credit card limits are included in
a. M1 but not M2.
b. M2 but not M1.
c. M1 and M2.
d. neither M1 nor M2.
d
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What happens to wage and rental rate according to the Heckscher-Ohlin model if the price of a good that uses capital extensively increases by 6%?
a. Both wage and rental rate decrease by 6%. b. Both wage and rental rate increase by less than 6%. c. Both wage and rental rate increase by more than 6%. d. Wage rate increases by more than 6% but rental rate decreases. e. Wage rate decreases but rental rate increases more than 6%.
The textbook states that in attacking moral hazard, having both risk-based capital requirements and risk-based deposit insurance premiums
A) is necessary, to deal with the problem from both sides of the bank's balance sheet. B) is redundant and that one of the policies should be ended. C) is necessary in order to deal with the moral hazard of both bankers and depositors. D) may be redundant in theory but advisable in practice given the difficulty of measuring risk.
As new firms enter a market, the equilibrium price will
a. rise. b. fall. c. stay the same. d. impossible to predict.
Vertical equity refers to the idea that
A. people with greater ability to pay should pay more. B. people who are situated differently should pay differently but in a manner deemed fair by society. C. people who are situated equally should pay equally. D. the people who derive the benefits from services should be the ones who pay for the services, provided they have the ability to pay.