Which of the following would appear on the liability side of the balance sheet of a commercial bank?
a. demand and other transaction deposits
b. loans outstanding
c. U.S. government securities
d. vault cash
A
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A country opens up to trade and becomes an exporter of wheat. In the wheat market, consumer surplus will ________, producer surplus will ________, and total surplus will ________
A) decrease; increase; increase B) increase; decrease; increase C) decrease; increase; decrease D) remain unchanged; increase; increase
When you work to support your lifestyle, you are making a tradeoff
a. True b. False Indicate whether the statement is true or false
The most appropriate type of labor market to analyze
a. is the world market b. is the national market c. is a regional market d. is a local market e. depends upon the purpose of the analysis
In a situation where both firms in a two-firm, balanced oligopoly choose to avoid the worst case scenario
a. both firms will end up in the worst case b. both firms end up in a Nash equilibrium outcome c. only one firm will survive d. both firms end up charging different prices e. both firms end up with different profit margins