Which of the following statements about checking deposits is true?
A) It is a liability for both households and banks.
B) It is an asset for both households and banks.
C) It is an asset for households but a liability for a bank.
D) It is a liability for households but an asset for a bank.
C
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Consider the market for feather pillows. If there is an increase in the price of feather dusters, a substitute in production for feather pillows, then
A) there is a downward movement along the demand curve for feather pillows. B) the supply curve for feather pillows shifts leftward. C) the price of feather pillows decreases. D) the demand curve for feather pillows shifts rightward. E) the demand curve for feather pillows shifts leftward.
In the 1990s, foreign direct investment had become the most important source of funds for developing countries
a. True b. False Indicate whether the statement is true or false
Diminishing marginal returns implies
A) decreasing average variable costs. B) decreasing marginal costs. C) increasing marginal costs. D) decreasing average fixed costs.
When unemployed people stop looking for jobs, the
A. Unemployment rate decreases and the labor force increases. B. Unemployment rate decreases and the labor force decreases. C. Unemployment rate increases and the labor force decreases. D. Unemployment rate increases and the labor force increases.