Common property
A) is owned by everyone.
B) is owned by no one.
C) Neither A nor B are correct.
D) Both A and B are correct.
D
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The law of diminishing returns refers to diminishing
A) total returns. B) marginal returns. C) average returns. D) all of these.
Government outlays equal: a. the difference between government expenditures and government revenues. b. the sum of government expenditures and government revenues. c. the sum of government purchases and transfer payments. d. the difference between government purchases and transfer payments
e. the ratio of government purchases to transfer payments.
(Last Word) The Assistant U.S. Attorney General in charge of prosecuting financial crimes did which of the following in response to HSBC bank's years of money laundering and helping firms and individuals cheat on their taxes?
A. Imposed fines on HSBC and prosecuted key executives so as to diminish moral hazard in the financial services industry. B. Filed an antitrust lawsuit so as to break up HSBC without disrupting the financial system. C. Imposed only modest fines on HSBC so as not to destabilize the bank and the financial system. D. Imposed sanctions based on the provisions of the 2010 Wall Street Reform and Consumer Protection Act.
Joan has the following assets and liabilities: Credit card balance$1,000Cash$200Government bonds$3,000Checking$1,500Car loan balance$10,000Car$15,000 Which of the following actions would increase Joan's money demand by $100?
A. Joan sells a $100 government bond and puts the proceeds in her checking account. B. Joan pays $100 cash for a new lamp. C. Joan writes a check for $100 to pay down her credit card balance. D. Joan writes a check for $100 to pay down her car loan balance.