Bank's make their profits primarily by issuing
A) equity.
B) negotiable CDs.
C) loans.
D) NOW accounts.
C
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The demand curve for a luxury good is upward sloping
Indicate whether the statement is true or false
Which of the following practices is not prohibited by the Clayton Act?
a. merger through the acquisition of assets, which substantially lessens competition b. price discrimination that substantially lessens competition c. tying contracts that substantially lessen competition d. exclusive dealing that substantially lessens competition e. interlocking directorates that substantially lessen competition
Refer to the figure at right. What can we say about economic? rent?
A. Economic rent equals the area HJKO B. Economic rent equals the area HJI C. Economic rent equals the area IJK0 D. There is no economic rent represented in the figure
If income is distributed equally, the
A. Gini coefficient is greater than zero. B. Line of equality sags below the Lorenz curve. C. Lorenz curve is a straight line. D. Lorenz curve sags below the line of equality.