According to the shortsightedness effect, politicians tend to favor projects with
a. short-run benefits and short-run costs.
b. short-run benefits and long-run costs.
c. long-run benefits and short-run costs.
d. long-run benefits and long-run costs.
B
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A commercial bank puts the funds it receives from various sources into
A) securities, cash assets and loans. B) loans, notes and coins in the bank's vault and deposits. C) reserves, deposits and loans. D) securities, cash assets and deposits.
When did Regulation Q finally disappear?
A) 1934 B) 1945 C) 1986 D) 2000
When the price of wood (which is an input in the production of furniture) falls, the consumer surplus associated with the consumption of furniture
A) increases. B) decreases. C) does not change. D) could be any of the above.
Dividends are
A. The only motive for purchasing stock. B. Profits used for investment in new plants and equipment. C. An increase in the market value of an asset. D. The amount of corporate profit paid out for each share of stock.