The practice of "kiting" as a means of overstating cash is possible only if the client maintains two or more bank accounts.
a. true
b. false
Answer: a. true
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Refer to Figure 2-9. Carlos Vanya grows tomatoes and strawberries on his land. A portion of his land is more suitable for growing tomatoes and the other portion is better suited for strawberry cultivation
Which of the graphs in Figure 2-3 represent his production possibilities frontier? A) Graph A B) Graph B C) Graph C D) either Graph A or Graph B E) either Graph B or Graph C
Any point inside the production possibility curve is:
a. efficient. b. nonfeasible. c. inefficient. d. optimal.
The apparent stickiness of the price of goods sold by oligopolists can be explained by the
a. contestable markets model. b. sales maximization model. c. kinked demand curve model. d. entry deterrence model.
Aggregate supply can be thought of as
a. a fixed amount of output. b. unrelated to the price level. c. a schedule of output at different price levels. d. the volume of goods at the ends of the production possibilities curve.