The Wall Street Reform & Consumer Protection Act of 2010 has the following provisions, except:
A. It gives broader authority to the Fed to regulate all large financial institutions
B. It establishes a process for liquidating in an orderly way the assets of large, failing financial institutions
C. It creates a Financial Stability Oversight Council to look out for systemic risk in the financial system
D. It consolidates the operations of Wall Street, commercial banks, and other financial institutions
D. It consolidates the operations of Wall Street, commercial banks, and other financial institutions
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Which of the following undermines the effectiveness of a barrier to entry?
a. the existence of patents in the industry b. high fixed cost c. no access to resources d. product differentiation e. rapid technological innovation
Foreign demand for U.S. dollars also represents a supply of dollars.
Answer the following statement true (T) or false (F)
A. boiling temperature unit. B. base tax utility. C. British thermal unit. D. base technology utility
A. raise the temperature of one pound of water by one degree Fahrenheit. B. boil one gallon of water for one minute. C. raise the air temperature one degree Celsius for one hour. D. raise the temperature of one pint of water by one degree Celsius.
If a firm shuts down in the short run it will
A) break even. B) declare bankruptcy. C) suffer a loss equal to its variable costs. D) suffer a loss equal to its fixed costs.