Referring to a bank's t-account, the difference between total assets and total liabilities is called
A) leverage.
B) reserves.
C) deposits.
D) equity.
D
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The scientific evidence on the causes and consequences of global warming
a. is clear and indisputable. b. has considerable uncertainty in its findings. c. indicates global warming should be stopped regardless of cost. d. is of no importance to economists.
Specialization allows for
A. more consumption for the trading partner with the comparative advantage. B. equal consumption among trading partners. C. more consumption for the trading partner with the absolute advantage. D. more consumption for all trading partners.
Assuming a long-run aggregate supply curve, a decrease in consumer confidence results in ________ in output and ________ in price level
A) a decrease; no change B) a decrease; a decrease C) an increase; no change D) no change; a decrease
Refer to Figure 5-1. At the market equilibrium,
A) the marginal cost is less than the marginal benefit. B) the marginal cost is equal to the marginal benefit. C) the marginal cost is greater than the marginal benefit. D) the marginal cost is zero.