Typically a firm's economic profit will be
A) greater than its accounting profit.
B) less than its accounting profit.
C) equal to its accounting profit.
D) equal to its accounting profit minus its tax liability.
E) equal to its accounting profit plus the market value of any unsold inventory.
B
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Prudential regulation ________
A) requires that banks maintain the confidentiality of loan applications B) is administered by a specific insurance company C) is necessitated by the government's safety net for the banking system D) is an effective substitute for prudential supervision
As of 2010, the World Bank classified a country as a low-income economy when its domestic per capita GDP fell below _____
a. $1000 b. $995 c. $675 d. $530 e. $475
Most economic disagreements are about ______ issues.
a. normative b. cognitive c. positive d. objective
A budget deficit is incurred whenever:
A. Tax revenues fall short of expenditures over the fiscal year. B. Discretionary fiscal spending is used to achieve macro equilibrium. C. The U.S. Treasury engages in refinancing activities. D. The government uses fiscal policy.