Bankers must always trade off
a. honesty and dishonesty.
b. stocks and loans.
c. prudence and profits.
d. gold and cash.
e. All of the above are correct.
c
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The labor supply curve bends backward because
A. income effects are greater than substitution effects at higher wages. B. substitution effects are greater than income effects at higher wages. C. income effects are greater than substitution effects at lower wages. D. substitution effects are greater than income effects at lower wages.
Financial securities are exchanged by dealers linked by computers in a
A) stock exchange. B) public exchange. C) financial exchange. D) over the counter market.
Suppose that the elasticity of demand for chocolate is 3.0 and price decreases by 20%. By what percentage will quantity demanded for chocolate increase?
A. 20% B. 30% C. 60% D. 200%
Describe the criticisms about decision making at the IMF and the World Bank. Which types of policies are thought to reflect bias? What types of costs are not considered? What is the fundamental question critics raise about the operations of the international governmental economic institutions?
What will be an ideal response?