During times of financial crisis, mark-to-market accounting
A) requires that a financial firms' assets be marked down in value which can worsen the lending crisis.
B) leads to an increase in the financial firms' balance sheets since they can now get assets at bargain prices.
C) leads to an increase in financial firms' lending.
D) results in financial firms' assets increasing in value.
A
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The cost of education, professional athletes’ pay, and medical services rise faster than the rate of goods and services because their average productivity has remained the same.
Answer the following statement true (T) or false (F)
The maximum price a buyer is willing to pay for a good is called: a. cost
b. willingness to pay. c. equity. d. efficiency.
Economic profit is equal to
A. total revenue minus the explicit and implicit costs of production. B. accounting profit plus the explicit and implicit costs of production. C. total revenue minus the cost of raw materials. D. total revenue minus total fixed cost.
The organization created to oversee the provisions of multilateral trade agreements, resolve disputes under the international trade rules, and meet periodically to consider further trade liberalization is called the:
A. International Monetary Fund (IMF). B. World Trade Organization (WTO). C. Common Market Organization (CMO). D. International Trade Commission (ITC).