Which of the following is a normative economic statement?
A) The price of gasoline is too high.
B) The current high price of gasoline is the result of strong worldwide demand.
C) When the price of gasoline rises, the quantity of gasoline purchased falls.
D) When the price of gasoline rises, transportation costs rise.
Answer: A
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The rate of interest that a bank states as its interest rate is the real rate of interest
Indicate whether the statement is true or false
A share of Apple stock has a price of $430 and gives $43 of Apple profit to its owner. The interest rate on this share is
A) 10 percent. B) $430. C) 15.4 percent D) $43.
Monetary costs and opportunity costs are always identical
a. True b. False Indicate whether the statement is true or false
What matters most during a bank run is:
A. the solvency of the bank. B. the liquidity of the bank. C. the number of loans outstanding. D. the size of the bank's assets.