The U.S. banks have been facing greater competition from the Eurocurrency market because of the establishment of international banking facilities
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Figure 5-15. The current market equilibrium output is partly the result of overfishing. In that case, what does S1 represent?
A) the social marginal cost of harvesting salmon B) the social marginal benefit of harvesting salmon C) the private marginal cost of harvesting salmon D) the private marginal benefit of harvesting salmon
Which of the following would not be included in the government consumption expenditures and gross investment (G) category of GDP?
A. The payments made to Social Security recipients. B. The expenditures made to repair a highway. C. The spending for professors at state universities. D. The purchase of new china for White House functions.
As demand for phone apps increases, other things being equal, we can expect
A) a decrease in both the relative price and quantity of phone apps. B) a decrease in the supply of phone apps. C) more phone apps to be produced. D) an excess number of phone apps in the market.
Checkable and debitable accounts in commercial banks and other financial institutions are classified as money because
A. they are not liabilities of the banks. B. banks hold currency in their vaults equal to the value of demand deposits. C. they are generally acceptable in the payment of debt. D. they sometimes earn an interest income for the depositor.