An economic good must be
a. useful.
b. scarce.
c. transferable.
d. All of these.
d. All of these.
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Although the National Bank Act of 1863 was designed to eliminate state-chartered banks by imposing a prohibitive tax on banknotes, state banks were able to stay in business by
A) issuing credit cards. B) ignoring the regulations. C) acquiring funds through deposits. D) branching into other states.
Government-sponsored goods are those goods
A) that society views desirable through the political process. B) that companies give away as promotional prizes. C) that have lower than average negative externality. D) that only low-income individuals consume.
Which of the following is not a positive effect of the base Accord?
A. It provided a framework that less developed countries could use to improve the regulation of their banks. B. It provided a system to differentiate between bonds based on their systemic risk. C. It forced regulators to change the way they thought about bank capital. D. It promoted a more uniform international system.
The level of U.S. exports depends ________ the level of income in other countries.
A. indirectly on B. directly on C. entirely on D. inversely with