Banks minimize the risk of loss to depositors by:
a. lending to government officials
b. making many different loans to different borrowers.
c. refusing to lend money to the U.S. government.
d. lending to the richest 1 percent of the population.
e. making very long-term loans.
b
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When deriving an Engel curve, if the optimum point for good X lies to the left as income increases, good X is
a. a normal good. b. an inferior good. c. a Giffen good. d. a substitute for good Y.
Why do some unitization contracts require landowners to turn operations to a third party?
Jill and Daniel graduate from college in the same year in economics and physics respectively and start looking for jobs. They are competitors in the job market
Indicate whether the statement is true or false
When the supply curve shifts to the left and there is no change in demand:
A. the market cannot reestablish an equilibrium. B. the equilibrium quantity will rise. C. the equilibrium price will fall. D. the equilibrium price will rise.