Suppose a plaintiff hires a lawyer to represent her in a court case. To which of the following contracts would a highly risk-averse plaintiff agree?
A) The lawyer is paid by the hour.
B) The lawyer receives a share of the settlement.
C) The lawyer receives a fixed fee.
D) The lawyer pays the client a fee for the right to the entire settlement.
D
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If two goods are substitutes, then
A) an increase in the price of one causes the demand for the other to fall. B) there is an inverse relationship between changes in the price of one good and changes in the demand for the other. C) if the price of one good falls, the demand for the other good falls also. D) changes in the quantity demanded of one good will not affect the demand for the other.
Financial regulators set capital requirements for banks. One characteristic about these requirements is:
A. the riskier the asset holdings of a bank, the more capital it will be required to have. B. the amount of capital required is inversely related to the amount of assets the bank owns. C. every bank will have to hold the same level. D. the more branches a bank has, the more capital it must have.