The net worth of a bank is
a. equal to the value of assets.
b. equal to the value of deposits.
c. equal to the value of liabilities.
d. the value of assets less liabilities.
e. the value of loans and securities.
d
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Which of the following is among the arguments against using government intervention to reduce income inequality?
A. Allowing big rewards to go to the most successful performers helps motivate creativity, innovation, and hard work. B. Governments cannot have much of an impact on income inequality, so there is little use in making the attempt. C. Large income differences eventually lead to political strife and will undermine support for a market economy. D. A wide gap between the rich and the poor tends to promote active participation in the democratic process.
List four factors that could shift the consumption schedule.
What will be an ideal response?
Cooperation among people in an urban, industrialized society
A) becomes more difficult as transaction costs increase. B) is dependent upon people having a detailed, specific knowledge of the wants and abilities of others. C) is impossible once the number increases beyond a few thousand. D) requires coordination by central-planning committees. E) will not occur unless most people approve of the goals and values of others.
Which of the following would cause the long-run aggregate supply curve to shift to the right?
A) an increase in wages B) an increase in demand C) an increase in productivity D) an increase in taxes on profits