Which of the following statements best completes this sentence: "On a bank's balance sheet…"?
A. net worth represents both a source and a use of funds.
B. net worth shows the sources of funds and liabilities show the uses of funds.
C. assets show the uses of funds and liabilities show the sources of funds.
D. assets show the sources of funds and the net worth shows the uses of funds.
Answer: C
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Suppose a good has an external benefit and no external cost. When a competitive, unregulated market is at its equilibrium, then the
A) marginal private benefit is less than the marginal social benefit. B) marginal private benefit is greater than the marginal social benefit. C) marginal private cost is less than the marginal social cost. D) marginal private cost is greater than the marginal social cost.
Describe and explain the relationship between expected inflation rates in two countries and their interest rate differential according to the PPP theory
What will be an ideal response?
What is the poverty trap?
a. When a person stays in poverty for their entire life b. When there is generational poverty, so children do see a working role model c. When a person loses government assistance equal to their gain in income from working d. When a person cannot find a job in their neighborhood
In many elections the Republican and Democratic candidates share remarkably similar views-so similar that independent candidates (who rarely win the elections) often enter elections to represent opposing views. How can the similarity between the Republicans and Democrats be explained?
What will be an ideal response?