Deposit made by the public into a savings account are referred to as:
A) current deposits. B) stockholders' equity.
C) demand deposits. D) overdraft.
C
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Which of the following is true?
A) The market demand curve for a public good has a positive slope. B) The market demand curve for a private good has a positive slope. C) The market demand curve for a public good is arrived at by the horizontal sum of individual demand curves. D) The market demand curve for a public good is arrived at by the vertical sum of individual demand curves.
If a city decides to lift restrictions on how many taxi cabs can operate, social welfare will increase
Indicate whether the statement is true or false
A profit-maximizing firm will only produce a positive amount of output if:
A. its total revenue is greater than its total cost. B. its total revenue equals its total cost. C. its total revenue is greater than or equal to its variable cost. D. its total revenue is greater than its fixed cost.
In a(n) ________ industry, firms are small relative to the total market.
A. monopolistically competitive B. oligopolistic C. monopolistic D. Both B and C are correct.