Which of the following is NOT an asset of commercial banks?
A) business loans B) consumer loans C) home mortgages D) savings deposits
D
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All of the following are included in gross private domestic investment expenditure EXCEPT a
A) business's purchase of a fleet of cars. B) household's purchase of a new house. C) business's purchase of another company's stock. D) a retail store's purchase of shoes to add to its inventory.
The town of Harmonia gives away all 500 tickets to its annual Founder's Day Free Concert-in-the-Park to local residents
Each year, more than 500 people wish to attend the concert, so some of the residents who receive the free tickets sell them for as much as $75 each. Is a transaction where someone pays a resident $75 for a "free ticket" economically efficient? A) Yes, it was a voluntary exchange that benefited both parties. B) No, the buyer paid too much for the ticket. C) No, people should never be allowed to sell items they received for free. D) Yes, but it is efficient only from the perspective of the seller and not from the perspective of the buyer.
What are the costs and benefits of foreign trade?
What will be an ideal response?
Refer to the figure. Which of the following is true?
A. At a price of $8, there would be excess demand for pizza. B. At a price of $5, there would be neither excess demand for nor excess supply of pizza. C. At a price of $10, there would be neither excess demand for nor excess supply of pizza. D. At a price of $0.50, there would be excess supply of pizza.