What percentage of bank assets were in loans in 2012?
A) 8%
B) 20%
C) 37%
D) 60%
D
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Evaluate the pros and cons of State-Owned Enterprises
What will be an ideal response?
If it is a cultural norm to practice an afternoon "siesta" (nap), it is likely that the labor:
A. demand in that culture would be relatively greater at any wage. B. demand in that culture would be relatively lower at any wage. C. supply in that culture would be relatively greater at any wage. D. supply in that culture would be relatively lower at any wage.
Recently, there has been talk about reforming the tax system. Some advocate replacing the current income tax with a consumption tax. The income tax taxes interest earned on savings directly, while a consumption tax doesn't. Assuming the demand curve for loanable funds is unchanged, which of the following would most likely occur?
a. a decline in the interest rate and an increase in the quantity of loanable funds demanded and supplied b. an increase in the interest rate and a decrease in the quantity of loanable funds demanded and supplied c. no effect on the interest rate, but a decline in the quantity of loanable funds demanded and supplied d. an increase in both the interest rate and quantity of loanable funds demanded and supplied e. an increase in the interest rate but no effect on the quantity of loanable funds demanded and supplied
The vertical distance between the average total cost and the average variable cost curves at any level of output will always be
A. variable cost. B. fixed cost less variable cost. C. average fixed cost. D. total cost less fixed cost.