When banks calculate the losses the institution would incur if an unusual combination of bad events happened, the bank is using the ________ approach

Paying efficiency wages are a way for a company to cut costs and become more efficient, and are therefore lower than market wages

Indicate whether the statement is true or false

The cross price elasticity of demand is defined as

A) the percentage change in the supply for one good (a shift in the supply curve) divided by the percentage change in price of a related good. B) the percentage change in demand for two different commodities. C) the percentage change in the demand for one good (a shift in the demand curve) divided by the percentage change in price of a related good. D) the percentage change in price for two different commodities.