Savings-and-loans are now federally insured through the
A) FDIC.
B) FSLIC.
C) NCUSIF.
D) Comptroller of the Currency.
A
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Market equilibrium
i. can never occur because there are always people who want a good but cannot afford it. ii. occurs at the intersection of the supply and demand curves. iii. is the point where the price equals the quantity. A) ii only B) iii only C) ii and iii D) i only E) i and ii
If the United States imposes a tariff on $1 per imported shirt, the tariff will
A) raise the price of a shirt to U.S. consumers. B) benefit U.S. shirt producers. C) decrease imports of shirts into the United States. D) all of the above
In the production possibilities frontier depicted in the figure above, what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?
A) 1/2 hat per pound of bananas B) 1 hat per pound of bananas C) 2 hats per pound of bananas D) 3 hats per pound of bananas
The Federal Deposit Insurance Corporation
a. has eliminated bank failures b. insures all demand deposits without limit c. insures a person's demand deposits in any bank up to $100,000 d. insures a person's demand deposits in any bank up to $10,000 e. insures a person's savings and loan deposits in any S&L institution up to $100,000