Which of the following is an asset of a family?
A. Mortgage
B. Student loan
C. Share of stock
D. Unpaid credit card balance
Answer: C
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Normative economic statements
A) are statements of "what ought to be." B) are statements of "what is." C) are statements that may be tested by referring to facts and data. D) do not involve value judgments.
If loans are $69,000 . excess reserves are $1,400, and checkable deposits are $80,000 . then the required reserve ratio must be:
a. 1.75 percent. b. 12 percent. c. 13.75 percent. d. 17.5 percent. e. 0.12 percent.
Ms. Birnbaum is buying bottles of beer and bags of pretzels. The marginal utility of the last bottle of beer is 60 and the marginal utility of the last bag of pretzels is 30. The price of beer is $0.30 per bottle and the price of pretzels is $0.20 per bag. Ms. Birnbaum
A. is not spending all her income. B. should buy more pretzels and less beer. C. is buying beer and pretzels in the utility-maximizing amounts. D. should buy more beer and fewer pretzels.
Since 1990, the annual inflation rate for the U.S. has ________ and has ________.
A. remained under 4 percent; never been negative B. remained above 4 percent; never been negative C. remained above 4 percent; been negative for just one year D. remained under 4 percent; been negative for just one year