The Wall Street Reform & Consumer Protection Act of 2010 has the following provisions, except:
A. It gives broader authority to the Fed to regulate all large financial institutions
B. It establishes a process for liquidating in an orderly way the assets of large, failing financial institutions
C. It creates a Financial Stability Oversight Council to look out for systemic risk in the financial system
D. It consolidates the operations of Wall Street, commercial banks, and other financial institutions
D. It consolidates the operations of Wall Street, commercial banks, and other financial institutions
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In the figure above in the market for high-skilled labor, the equilibrium wage rate is
A) $16. B) $8. C) $20. D) $28.
The market for maple syrup is perfectly competitive. Suppose that the market is in long-run equilibrium when the market demand for maple syrup increases. After the demand increases, a typical firm will
A) make zero economic profit. B) make an economic profit. C) incur an economic loss. D) exit the market.