Of the following, which is the largest source of government funds in the long run?
A) government borrowing
B) government transfers
C) user fees
D) taxation
D
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If the demand for a good is inelastic, an increase in its price will result in a decrease in total revenue
a. True b. False Indicate whether the statement is true or false
What is a normal rate of return?
What will be an ideal response?
The profit maximizing combination of resources
A. is also the cost minimizing combination of resources. B. usually involves hiring more of some resources and less of other resources than the cost minimizing combination of resources. C. usually involves less of each input hired than the cost minimizing combination of resources. D. usually involves more of each input hired than the cost minimizing combination of resources.
Which of the following is an accurate statement about universal banks?
A. As in Germany, universal banks in the United States do everything under one roof, including direct investment in the shares of nonfinancial firms. B. Universal banks in the United States account for the largest share of financial intermediary assets. C. In Germany the provision of insurance, banking, and securities must be done by separate corporations. D. In Germany universal banks do everything under one roof, including direct investment in the shares of nonfinancial firms.