Investments that a bank makes are known as:
A) deposits. B) liabilities. C) assets. D) capital.
C
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Sharisse brags to her mother that her starting salary as a management trainee is $36,000, much higher than her mother's starting salary of $21,000 as a management trainee several years ago
If the CPI the year Sharisse begins work is 181.2 and the CPI the year her mother started work was 109.1, Sharisse is A) wrong. Adjusting for price changes, her salary is less than her mother's salary. B) correct. Adjusting for quantity changes, her salary is more than her mother's salary. C) correct. Adjusting for price changes, her salary is more than her mother's salary. D) wrong. Adjusting for quantity changes, her salary is less than her mother's salary. E) maybe wrong and maybe right. Adjusting for quantity changes, her salary is less than her mother's salary but with the information given we are unable to further adjust for price changes.
One of reasons the government may choose to spend would be the:
A. real interest rates decrease. B. real interest rates increase. C. government expected to earn a large return on its spending. D. beliefs about what citizens may need.
To an economist, theory can be thought of as
a. abstraction for the sake of argument. b. one person's opinion, which is just as good as another's. c. another term for the description of a situation. d. beliefs which cannot necessarily be verified. e. explanation of mechanisms behind observed phenomena.
Which of the following industry types features a downward-sloping long-run supply curve?
a. An oligopoly industry b. A constant-cost industry c. A decreasing-cost industry d. A monopolistically competitive industry