If the value of bank's loans declines, what is the corresponding reduction in a liability entry that the bank makes?
A) Deposits are reduced by the amount of the decline in the value of the loan.
B) Borrowings are reduced by the amount of the decline in the value of the loan.
C) Net worth is reduced by the amount of the decline in the value of the loan.
D) Cash items in the process of collection are reduced by the amount of the decline in the value of the loan.
C
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Which would most likely shift the aggregate supply curve? A change in the prices of ________.
A. foreign products B. financial assets C. domestic products D. resources
Which of the following would not cause a change in the demand for cheese?
a. an increase in the price of crackers, which are consumed with cheese b. an increase in the income of cheese consumers c. an increase in the population of cheese lovers d. an increase in the price of cheese
You are given the following gamble: behind one door is $500; behind another is $100; behind another is $0. What is the expected value of the gamble?
A. $200 B. $300 C. $600 D. We need more information in order to answer
Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. 
Figure 13.4Refer to Figure 13.4. At its production point, the ________ for this firm is $11.
A. marginal cost B. profit-maximizing price C. average total cost D. marginal revenue