Which of the following is not a depository institution?
a. A commercial bank
b. A thrift institution
c. A pension fund
d. A savings and loan institution
e. A credit union
c
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Rembrandt paintings are expensive and not as vital for life as milk, which is cheap
Marginal utility theory explains this paradox of value: The total utility from a Rembrandt painting is ________ than the total utility from milk, and the marginal utility from a Rembrandt painting is ________ than the marginal utility from milk. A) smaller; smaller B) smaller; larger C) larger; smaller D) larger; larger
The United States has approximately
a. 80,000 businesses. b. 5.1 million businesses. c. 12.5 million businesses. d. 28.million businesses.
Which of the following would be cures for the U.S. trade deficit?
a. Americans saving less and spending more b. a severe recession in Europe and Asia c. a severe recession in the United States d. a tax cut e. All of the above are correct.
A cost that has already been incurred and cannot be recovered is called:
a. fixed cost. b. explicit cost. c. sunk cost. d. opportunity cost.