Which of the following is not a pillar of the latest base Accord?
A. It includes liquidity requirements in addition to capital requirements
B. It supplements capital requirements based on risk-weighted assets with restrictions on leverage
C. A revised set of minimum capital requirements
D. Uniform international laws for bank regulation
Answer: D
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Mr. Paque is a bear hunter for timber companies that want to diminish damage to trees done by bears in the spring. Due to a reduction in the bear population between 1995 and 2005, Mr. Paque finds fewer bears each year and additional hours spent hunting produce fewer additional bears. With the information given and noting that the bounty on bears has risen, one can conclude that (i) Mr. Paque's
income per hunting hours will fall; (ii) the derived demand for Mr. Paque's services will shift left. a. i and ii b. i not ii c. ii not i d. neither i nor ii
The total fixed cost remains constant as which of the following varies?
A. cost of resources B. time C. output in a given period of time D. profit
Product differentiation makes the demand for a monopolistically competitive firm's product:
A. perfectly elastic. B. more elastic than for a monopoly. C. more inelastic than for a monopoly. D. perfectly inelastic.
Suppose the minimum possible price of constructing homes is $50 per square foot. As a result of a sharp drop in the demand for home construction, the equilibrium price of home construction falls to $40 per square foot. Assuming the home construction industry is perfectly competitive and there are no specialized inputs, firms will:
A. exit the industry, and the price will rise above $40 in the long run. B. exit the industry, and the price will remain at $40 in the long run. C. exit the industry, and the price will fall below $40 in the long run. D. enter the industry as the price rises above $40 in the long run.