Which of the following is the smallest portion of the market basket of goods that makes up the CPI?
A) housing
B) food and beverages
C) transportation
D) apparel
Answer: D
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Excluding criminal activities, the underground economy in the United States is equivalent in value to approximately what percentage of the GDP?
a. 10 to 15 percent b. 20 to 25 percent c. 30 to 35 percent d. not determinable
Which would be considered an investment, according to economists?
A. The sale of a retail department store building by Sears to JCPenney. B. The purchase of newly issued shares of stock in Dell. C. The construction of a new plant by Ford. D. Public transfer payments.
The total cost of production equals
a. average total cost + average variable cost b. average total cost + average fixed cost c. average variable cost + average fixed cost d. total fixed cost + total variable cost e. marginal cost + total variable cost
A bank has $200 million in assets and $150 million in liabilities. The banks net worth is _____________ million and its leverage ratio is __________________
A) $350; 0.56 to 1 B) $175; 1.14 to 1 C) $50; 4 to 1 D) $25; 8 to 1