What is the equation that reflects a bank's balance sheet?
What will be an ideal response?
The equation reflecting a bank's balance sheet is:
Total Bank Assets = Total Bank Liabilities + Bank Capital
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One general characteristic of collective action problems is that
A) no individual has any incentive to act in the best interest of the grou
According to public choice theory, which of the following is not a likely reason that government policy might benefit only a narrow interest group?
A. If the benefits to the narrow interest group are relatively large, they have an incentive to invest a lot of money and effort in lobbying government. B. If the costs of this policy are spread out among the general population, and are a very small burden for anyone person, then those paying the costs have little incentive to organize opposition. C. The additional rewards of a policy to the general population outweigh the additional costs that are imposed on a narrow interest group. D. Politicians follow their own self-interest and seek to maximize their reelection chances rather than promoting the best interests of society.
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. The efficient amount of cars is
A. 25. B. 35. C. zero because any production results in an external cost. D. indeterminate from the information given.
A World bank study conducted in Kenya found that as the proportion of vaccinated people in a village grew, more people wanted to get vaccinated.
Answer the following statement true (T) or false (F)