Suppose Bank A holds $50,000 in deposits with other banks. In the balance sheet, this amount will be accounted as Bank A's:
A) cash equivalents. B) short-term borrowing.
C) long-term investments. D) reserves.
A
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Assume that an individual with an opportunity cost of time of $20 per hour has to choose between renting four apartments. The rents of the four apartments and the individual's monthly commuting time to work are shown in the following table
Calculate the direct cost, indirect cost, and total cost that the individual will incur if she rents any of these apartments. Also, determine the apartment that is optimum for the individual. Graph the total cost involved for the various choices. Apartment Monthly Commuting Time (hours) Rent ($) 1 60 2,800 2 90 2,200 3 120 1,500 4 150 1,400
A country is likely to have a comparative advantage in a capital-intensive activity if it has a:
A. higher amount of labor relative to its population. B. higher opportunity cost of producing technology. C. large amount of capital relative to its landmass. D. lot of land relative to its population.
Over which of the following does the Fed have some control?
a. a commercial bank based in Paris, France b. a pension fund based in Albany, New York c. a commercial bank based in Wichita, Kansas d. a pension fund based in Tokyo, Japan
Suppose that the wage for musicians increases relative to other occupations. We know that ________ people will work in music, and the total number of hours worked will ________.
A. more; increase B. more; decrease C. fewer; increase D. fewer; decrease