Which of the following bank assets is the most liquid?
A) consumer loans
B) reserves
C) state and local government securities
D) U.S. government securities
B
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According to the text, a government policy of promoting competition must
A) assure small businesses they won't fail because of below-cost pricing or other predatory practices by larger businesses. B) assure small businesses they won't fail under any circumstances. C) equate profit margins among competing suppliers. D) maintain a process rather than some state of affairs. E) work toward making sellers' demand curves completely elastic.
What does it mean for two inputs to be complements? Give an example that describes how labor and capital can be complementary inputs
What will be an ideal response?
Tariffs can never raise a country's standard of living. True or false? Explain carefully
What will be an ideal response?
A subsidy to firms intended to reduce pollution in an industry would
A. shift the LRAC curve upward. B. have the same impact on the firm as a tax. C. likely drive some existing firms from the industry. D. likely have the paradoxical effect of increasing pollution in the industry in the long run.