What major laws regulating financial institutions were created in response to the 2008 financial crisis?

July 8, 2024 No Comments

A: Presidents George W. Bush and Barack Obama signed into law several major legislative responses to the financial crisis of 2008. The most influential and controversial of these was the Dodd-Frank Wall Street Reform and Consumer Protection Act, which introduced a raft of measures designed

Which countries are most productive in terms of GDP?

July 8, 2024 No Comments

A: If you are measuring productivity based on Gross Domestic Product (GDP), the ten most productive countries in the world are, in order, the United States, China, Japan, Germany, France, the United Kingdom, Brazil, Italy, Russia and India. Each of these countries has a GDP

What methods can the government use to control inflation?

July 8, 2024 No Comments

A: Inflation occurs when an economy grows due to increased spending. When this happens, prices rise and the currency within the economy is worth less than it was before; the currency essentially won’t buy as much as it would before. When a currency is worth less, its exchange rate

Which countries have the highest tariffs?

July 8, 2024 No Comments

A: Data on import tariffs are compiled by the World Bank and the World Trade Organization (WTO). Tariff analysis can be complicated, as different rates apply to different products from different partners. Moreover, the listed or “bound” rates often do not match applied rates. The tariff rankings listed

What percentage of the population do you need in a representative sample?

July 8, 2024 No Comments

A: Technically, a representative sample requires only whatever percentage of the statistical population is necessary to replicate as closely as possible the quality or characteristic being studied or analyzed. For example, in a population of 1,000 that is made up of 600 men and 400

What is the history of corporations in America?

July 8, 2024 No Comments

A: The first American corporations were developed in the 1790s, almost instantly becoming key institutions in the economy. Though corporations existed outside the United States in the early 19th century, particularly in Great Britain and the Netherlands, no country took to corporate development like America.

What is the key difference between the participation rate and the unemployment rate?

July 8, 2024 No Comments

A: The participation rate and unemployment rate are economic metrics used to gauge the health of the U.S. job market. The key difference between the two indicators is the participation rate measures the percentage of Americans who are in the labor force, while the unemployment

What is the marginal utility of income?

July 8, 2024 No Comments

A: Very simply, the marginal utility of income is the change in human satisfaction resulting from an increase or decrease in an individual’s income. It says that people who get raises tend to be more satisfied than they otherwise would have been, and people who

What is the minimum liquidity coverage ratio that a bank must have from 2016 to 2019 under Basel III?

July 8, 2024 No Comments

A: The minimum liquidity coverage ratio that banks must have under the new Basel III standards are phased in beginning at 70% in 2016 and steadily increasing to 100% by 2019. The year-by-year liquidity coverage ratio requirements for 2016, 2017, 2018 and 2019 are 70%,

What is the point of agricultural subsidies?

July 8, 2024 No Comments

A: Every five years, new legislation is introduced and passed through the U.S. Congress to subsidize farmers and agricultural products. These bills provide benefits such as cash, minimum prices and crop insurance programs. Most academic economists and policy analysts oppose agricultural subsidies, but that seems

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