Human beings are generally very good at accurately estimating probabilities
Indicate whether the statement is true or false
FALSE
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"Demand deposits" in commercial banks are
A) assets of both the non-bank public and the banks. B) assets of the depositors and liabilities of the banks. C) liabilities of the non-bank public and of the banks. D) liabilities of the non-bank public and assets of the banks.
Foreign portfolio investment is sometimes called hot money because:
A. it can be withdrawn from a country very quickly. B. it is very difficult to trace. C. it is often invested in the assets which yield the highest returns in the world. D. earnings often go untaxed by the home government.
If Korea is capable of producing either shoes or soccer balls or some combination of the two, then
a. Korea should specialize in the product in which it has an absolute advantage. b. it would be impossible for Korea to have an absolute advantage over another country in both products. c. it would be difficult for Korea to benefit from trade with another country if Korea is efficient in the production of both goods. d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Property rights allowing individuals to own goods, services, and factors of production are most important in:
a. capitalistic economies. b. socialistic economies. c. planned economies. d. command economies.