If a bank buys securities, its
A) net worth increases.
B) net worth decreases.
C) reserves increase.
D) reserves decrease.
D
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The central problem all individuals face is
A) greed. B) insufficient money income. C) scarcity of resources. D) the desire for present enjoyment. E) unequal wealth.
In general we note that inflation:
A. hurts everyone in the economy whenever it occurs. B. hurts everyone in the economy the same. C. always decreases purchasing power. D. has very real costs associated with it.
Once the national health care program goes into effect and more people will pay fewer of their health care expenses out of their own pockets than they did previously, we can expect
A) the quantity of health care services demanded will increase. B) the quantity of health care services demanded will decrease. C) the quantity of health care services supplied will increase. D) the quantity of health care services supplied will decrease.
Refer to the data provided in Table 9.2 below to answer the question(s) that follow.
Table 9.2
Refer to Table 9.2. If the market price is $20, then to maximize profits this firm should produce
A. zero units of output. B. one unit of output. C. two units of output. D. four units of output.