Many people believed that when the calendar changed from December 31, 1999 to January 1, 2000, many bank records were going to be wiped out, so many people planned on withdrawing their funds. If this were to happen, this would be an example of:
A. operational risk.
B. liquidity risk.
C. interest rate risk.
D. credit risk.
Answer: B
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Which statement is true?
A. Entrepreneurial ability is in short supply in the U.S. B. Land, labor and capital may be considered passive resources. C. The concept of opportunity cost is irrelevant when there is scarcity. D. None of these statements are true.
Which of the following statements is FALSE?
A) Total income is always greater than total output. B) In the circular flow model, households sell factor services to businesses in return for factor payments. C) Businesses sell goods and services to households who use their income to pay for them. D) The value of total income is equal in value to total output because profit is a cost of production.
At the end of 2016, most of the United States' foreign direct investment was in
A. the European Union countries. B. the developing countries in Asia. C. the other North American Free Trade Agreement (NAFTA) countries. D. the Latin American countries.
The National Rifle Association (NRA) lobbies aggressively for the interests of gun owners. For example, the NRA has been instrumental in passing conceal-and-carry laws in several states. Such behavior on the part of NRA is called
A. consumer loss. B. rent-seeking behavior. C. government failure. D. discrimination.