Which would be a liability on a balance sheet of a commercial bank?
a. An outstanding commercial loan
b. A U.S. Treasury bond
c. A certificate of deposit issued by the bank
d. Vault cash
e. None of the above
C
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When a transaction takes place repeatedly, then one way to signal to avoid information asymmetry is:
A. screening. B. statistical discrimination. C. building a reputation. D. Any of these could be true.
Aggregate demand shifts right when the Federal Reserve
a. raises personal income taxes. b. increases the money supply. c. institutes an investment tax credit. d. All of the above are correct.
How does the market mechanism answer the WHAT, HOW, and FOR WHOM questions?
What will be an ideal response?
If for a firm P = minimum ATC = MC, then:
A. neither allocative efficiency nor productive efficiency is being achieved. B. productive efficiency is being achieved, but allocative efficiency is not. C. both allocative efficiency and productive efficiency are being achieved. D. allocative efficiency is being achieved, but productive efficiency is not.