The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $300 is imposed in the housing market, then
A) there would be a surplus of apartments.
B) there would be a shortage of apartments.
C) the market would reach equilibrium at the quantity of 60 housing units.
D) the supply of housing would increase.
B
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If a bank has a leverage ratio of 0.1 and a return on capital of 2%, what is its return on equity?
A) 0.2% B) 2.1% C) 5% D) 20%
The optimal degree of abstraction depends on the objective of the analysis.
Answer the following statement true (T) or false (F)
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