The CAMELS ratings are:
A. published once a quarter in banking journals issued by the Federal Reserve.
B. not made public.
C. made public monthly to the financial markets so people can judge the relative quality of banks.
D. included in the annual report of publicly owned banks.
Answer: B
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Refer to the figure above. At what level of output does the firm maximize profits?
A) 0 units B) 10 units C) 20 units D) 30 units
If the price exceeds the average variable cost, by producing the level of output such that marginal revenue equals marginal cost, the firm ensures that it will
A) earn an economic profit. B) not suffer any losses. C) earn the largest profit possible. D) survive in the long run.
Which of the following statements best describes excess supply, or surplus?
a. The area between the supply and demand curves above the equilibrium point is called excess supply, or surplus. b. The area between the supply and demand curves below the equilibrium point is called excess supply, or surplus. c. The area between the supply and demand curves to the right of the equilibrium point is called excess supply, or surplus. d. The area between the supply and demand curves to the left of the equilibrium point is called excess supply, or surplus.
When higher prices result in a lower quantity demanded, economists call this relationship:
A. The demand curve B. Price and demand model C. The law of demand