A bank's net worth is synonymous with its:
A. assets + bank's liabilities.
B. capital.
C. required reserves.
D. assets.
Answer: B
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For what percentage of urban population growth is rural-urban migration responsible?
(a) between 35% and 60%. (b) between 40% and 80%. (c) between 50% and 70% (d) between 50% and 90%.
If the government's goal is to generate a certain amount of tax revenue, a specific tax and an ad valorem tax on a monopoly have the same impact on social welfare
Indicate whether the statement is true or false
The two "goods" used when economists analyze labor supply are
a. work and leisure. b. work and consumption. c. saving and consumption. d. leisure and consumption.
According to the permanent income hypothesis, taxpayers react to a one-time tax rebate
A. by spending more than the amount of the tax rebate. B. by saving all of the tax rebate. C. by spending all of the tax rebate. D. by saving half of the tax rebate and spending the rest.