A bank run is:
A. the situation that arises from fear that the bank is in danger of running out of money.
B. when a bank's reserves are not enough to satisfy all withdrawal demands.
C. when all depositors from a single bank demand to withdraw all deposits at once.
D. All of these are true.
Answer: D
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Supporters of consumer-driven health care assert that:
a. competitive markets are the most efficient way to allocate limited health care resources b. govenment agencies staffed by consumers should determine health care prices c. both of the above d. neither of the above
In the above table, what is the marginal factor cost of the 2nd worker?
A. $14 B. $24 C. $12 D. $64
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases B. remains constant. C. initially increases, then decreases. D. decreases.
If there is a shortage in the market for automobiles, then
a. producers' inventories will rise b. the price should begin to rise c. the demand curve will shift to restore equilibrium in the market d. the supply curve will shift to restore equilibrium in the market e. the price is expected to fall