The legal transfer of chattels supports economic growth
Indicate whether the statement is true or false
True
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Limits on the value of the assets that commercial banks can acquire relative to their capital is known as:
A) equity requirements B) capital requirements C) required reserves D) asset requirements
If firms in competitive price-searcher markets are earning economic losses, what effect will the exit of existing firms have?
a. Demand for the product of each firm will be reduced until the losses are eliminated. b. Demand for the product of each firm will increase until all firms earn zero profit. c. Demand for the product of each firm will increase until price is greater than average total cost. d. Demand for the product of each firm will fall until price equals marginal cost.
Which of the following is true of the life-expectancy rates observed across the world economies in 2007?
a. Life expectancy at birth averaged 72 years in sub-Saharan Africa. b. Life expectancy at birth averaged 80 years in high-income economies. c. Life expectancy at birth averaged 52 years in middle-income economies. d. Life expectancy at birth averaged 69 years in all low-income economies.
Economic choice and competitive behavior are the result of
What will be an ideal response?