A bank is insolvent when:
A) its total assets exceed its total liabilities.
B) its stockholders' equity exceeds its total assets.
C) its stockholders' equity exceeds its total liabilities.
D) its total liabilities exceed its total assets.
D
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In the economic way of thinking, government consists of many different people interacting on the basis of
A) fear. B) legal guarantees. C) prevailing property rights. D) public interests.
The table above shows the marginal benefit from providing police protection in a community of two people, Jake and Elwood. Police protection is a public good
a) What is the marginal social benefit to community from the 4th police car on duty? b) If the marginal social cost of a police car on duty is $37, what is the efficient number of cars on duty? c) If the marginal social cost of a police car on duty is $70, what is the efficient number of cars on duty?
Firms share technology with rivals,
a. in order to better compete with their rivals. b. in order to help out when their rivals are in trouble. c. to share the substantial risks of innovation. d. because they are required to by law. e. in order to pass false information to their rivals in order to drive them out of business.
A tax rate increase always leads to an increase in tax revenue for the government.
Indicate whether the statement is true or false.