When firms analyze the relationship between their level of production and their costs, they separate the time period involved into
A) morning and evening.
B) 6 months or less; 6 months to 1 year; more than 1 year.
C) a fixed period and a variable period.
D) the short run and the long run.
Answer: D
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Assuming a reserve ratio of 10 percent, if a bank receives $100,000 in deposits how much can the bank loan out?
A) $10,000 B) $90,000 C) $100,000 D) $110,000
The delivery of financial services electronically is called
A) e-business. B) e-commerce. C) e-finance. D) e-possible.
Some property tax limitations, such as California's Proposition 13, only do significant reassessment of property taxes when houses are sold. This creates _____
a. an incentive to rent b. inequity between homeowners of comparable houses c. a disincentive to move d. b and c e. all of the above
Interdependence in pricing may leading to
A) predatory pricing. B) price-fixing agreements. C) price bundling. D) shifts in elasticities.