What must balance on a balance sheet?
A) Revenues must equal costs.
B) Retained earnings plus dividends paid must equal earnings per share.
C) Total assets must equal total liabilities plus equity.
D) All of these must balance.
C
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Assume that a combination of 10 bottles of wine and 2 cartons of milk lies on a consumer's budget constraint. If the price of one bottle of wine is $10, and one carton of milk is $1, what is the consumer's income?
A) $100 B) $20 C) $120 D) $102
What determines the amount of labor that households plan to supply?
What will be an ideal response?
The nominal interest rate is the sum of the
a. real interest rate and the historic rate of inflation. b. real interest rate and the expected rate of inflation. c. historic rate of inflation and the expected rate of inflation. d. expected rate of inflation and the rate of price level increase.
The benefits to a country from dollarization include each of the following, except:
A. a lower risk premium since inflationary finance is no longer a possibility. B. no risk of an exchange rate crisis. C. greater and faster integration into world markets, increasing trade and investment. D. increased revenue from seignorage.