Loans are examples of a bank's:
A. assets.
B. liabilities.
C. net worth.
D. balance sheet.
Answer: A
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The above table shows the short-run total product schedule for the campus book store. When the book store hires the 3rd employee
A) the bookstore is still experiencing increasing marginal returns. B) the book store has already begun to experience diminishing marginal returns, but average product is still rising. C) both marginal and average product have already begun to decline. D) marginal product is at its maximum.
All of the following are characteristics of game theory except
A) payoffs that are the results of the interaction among players' strategies. B) rules that determine what actions are allowable. C) independence among players. D) strategies that players employ to attain their objectives.
Explain how a diversified portfolio can reduce fluctuations in returns even when the economy as a whole is experiencing contractions and expansions.
What will be an ideal response?
Some argue that the best response to monopolies is no response at all, because:
A. the creation of regulation may be too difficult. B. no one can ever decide which monopolies to regulate. C. left unchecked, all monopolies eventually shut down. D. they are too powerful to be dealt with effectively.