A supply curve that illustrates the law of supply ____________.
Fill in the blank(s) with the appropriate word(s).
Ans: shows that the quantity supplies increase as the price rises.
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Suppose a bank has total assets of $3,000,000,000 and total deposits and other liabilities of $2,800,000,000. The bank's leverage ratio is
A) 6.7%. B) 7.1%. C) 5.6%. D) 93.3%.
Which of the following are considered ad valorem taxes?
A) taxes assessed by charging a rate equal to a percentage of an item's price B) taxes assessed by charging a flat amount per unit purchased C) taxes based on the amount of debt that the government must repay D) taxes based on the amount of spending the government will undertake
The movement of workers between jobs, firms, and industries is called:
A. the demand for labor. B. the supply of labor. C. diminishing returns to labor. D. worker mobility.
When Kobe puts money under his mattress for purchases later on, money is acting as a
A. unit of accounting. B. standard of deferred payment. C. store of value. D. medium of exchange.