In a competitive market economy, firms and resource suppliers will seek to further their own self-interest, but at the same time, as if guided by an "invisible hand," they will promote the public interest.
Answer the following statement true (T) or false (F)
True
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Lizzie's preferences are shown in the figure above. Lizzie definitely prefers consuming ________ to consuming ________
A) 1 comic book and 12 cookies; 4 comic books and 4 cookies B) 2 comic books and 12 cookies; 4 comic books and 8 cookies C) 4 comic books and 12 cookies; 2 comic books and 12 cookies D) 6 comic books and 12 cookies; 8 comic books and 16 cookies
Which of the following represented the largest liability on the balance sheet of U.S. commercial banks in 2012?
A) checkable deposits B) loans C) nontransaction deposits D) borrowings
A likely explanation for the 2008-2009 recession is
A) an increase in energy prices. B) financial market problems. C) a drastic reduction in government expenses. D) an increase in taxes.
The break-even quantity is
a. 10000 b. 5,555 c. 12,500 d. 5,000