In developing countries, economists have found ________ correlation between a person's height and the wages he can earn in the farming sector

Jack is a prospective buyer of a commodity that Jill is offering to sell. Social surplus in this scenario can be maximized:

A) when only Jack is optimizing. B) when only Jill is optimizing. C) when both Jack and Jill are optimizing. D) when neither Jack nor Jill is optimizing.

The proposed Basel II capital adequacy rules

A) address the incentive banks have to switch from riskier to safer assets. B) avoid the use of statistical rules by relying mostly on "common sense." C) use highly theoretical measures of risk. D) will likely be adopted initially to a handful of large banks with significant international exposure.