Assume that the listed amounts constitute this bank's complete set of accounts. Moolah's:
Answer the question on the basis of the following information for the Moolah Bank.
A. assets are $1,000.
B. liabilities are $1,000.
C. net worth is zero.
D. profit is $1,000.
B. liabilities are $1,000.
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The paradox of planning is that it can:
a. Both create and relieve stress b. Produce anxiety c. Provide economic supply and demand d. Be only a short-term fix
In long-run equilibrium, the perfectly competitive firm produces: a. where P = MC = AC
b. at the lowest point on its long-run average cost curve. c. where its long-run average cost curve is tangent to its horizontal demand curve. d. at a level of output such that all of the above are true.
Points that lie outside (or beyond) the PPF are
A) attainable. B) unattainable. C) efficient. D) inefficient.
Many governments are currently investing in:
A. less ports, given the decreasing importance of international business. B. communications infrastructure. C. less roadways. D. All of these are true.