In 2017, some banks in Europe had to make interest payments to borrowers rather than receive interest payments from borrowers. Which of the following statements describes this situation?
A) For these banks, the loans increased required reserves.
B) These banks were receiving negative nominal interest rates on these loans.
C) For these banks, the loans were liabilities instead of assets.
D) All of the above are correct.
Answer: B
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One reason why African elephants are endangered is _____
a. the low cost of hunting exhibitions b. exploitation by zoo owners c. many natural predators d. governments often prohibit private ownership
A monopolistically competitive firm can raise price somewhat due to
a. product differentiation b. barriers to entry c. product similarity d. its homogeneous product e. high tariffs
Exhibit 21-2 Production possibilities curves for U.S. and Mexico
?
As shown in Exhibit 21-2, the United States has a comparative advantage over Mexico in:
A. wheat, but not in cloth. B. cloth, but not in wheat. C. both wheat and cloth. D. neither wheat nor cloth
Consider the parallel demand curves in the following graph to answer the question.
Which curve is relatively more elastic at P1?
A. AA B. BB C. It cannot be determined. D. Both have the same slope; therefore both have the same elasticity.