A bank has $150 million in assets and $90 million in liabilities. The bank's net worth is _____________ million and the bank is ____________
A) $105; insolvent
B) $40; insolvent
C) $60; solvent
D) $60; solvent
C
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Jen has a PhD in economics and has been working for 3 years part-time as an instructor; she has always hoped to be hired as a full-time faculty member. The best way to describe Jen is to say she is:
A. a discouraged worker. B. unemployed. C. underemployed. D. overemployed.
Which of the following are leakages from the circular flow of income?
a. Savings, taxes, and imports b. Investment, government purchases, and exports c. Investment, taxes and bonds d. Imports, wages and taxes
For a market for a good or service to exist, there must be a
a. group of buyers and sellers. b. specific time and place at which the good or service is traded. c. high degree of organization present. d. All of the above are correct.
While vacationing in Italy, you see an interesting meal on a menu. The price is 24 euros. A. If the exchange rate is .80 euros per dollar, how many dollars would you have to give up to buy the meal? B. If the dollar appreciated against the euro, but the price of the meal remained 24 euro, would the meal cost more or fewer dollars? Explain