The number of private state banks decreased after the First Bank of the United States lost its charter
Indicate whether the statement is true or false
False
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Refer to the above figure. The Law of Increasing Additional Costs applies in
A. Panel A only. B. Panel B only. C. Panels A and B. D. neither Panel A nor B.
If the labor force increases in size, which of the following would NOT occur?
A. The labor supply curve would shift to the right. B. The equilibrium wage would fall. C. The labor demand curve would shift to the right. D. The number of workers employed would rise.
A perfectly competitive firm earns a profit when price is
A) equal to minimum average total cost. B) above minimum average total cost. C) equal to minimum average variable cost. D) equal to minimum average fixed cost.
Saturn County Savings and Loan has liabilities of $400,000 and net worth of $125,000. Saturn County Savings and Loan's assets are
A. $525,000. B. $400,000. C. $275,000. D. $125,000.