Which of the following would not appear on the asset side of a commercial bank balance sheet?
a. Reserves. b. Checkable deposits.
c. Loans. d. Securities.
b
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A major university hired an economist to forecast enrollment to produce a prediction of “head count.” One variable that she would probably emphasize more than any other in trying to make the forecast
A. how interested people are in attending college. B. the employment opportunities that college opens up. C. survey results on public interest in education. D. her instinct about what the public wants. E. the price of attending—tuition.
Suppose the exchange rate in the year 2010 was 4 yuan per dollar and in 2011 the exchange rate fell to 3 yuan per dollar
If the price of a Chinese sweater was 120 yuan in both years, the new dollar price in 2011 would be ________ and imports of Chinese sweaters would ________. A) $30; increase B) $40; increase C) $40; decrease D) $30; decrease E) $40; stay the same because the price stayed the same at 120 yuan
Explain what change will bring a shift of a curve
What will be an ideal response?
Answer the following statements true (T) or false (F)
1) Effective managers use marginal analysis to determine how much to spend on actions to lower the probability of bad outcomes.
2) The expected marginal benefit of reducing the probability of an accident is equal to the decrease in the expected cost of the accident.
3) 
The above table shows the quantity of patents reviewed by a firm's attorney and the corresponding probability that the firm will infringe on another firm's patent. The cost of infringement is $50,000.
The expected marginal benefit of reviewing additional patents increases as the number of patents reviewed increases.
4) If actions to reduce the expected cost of an accident are equally effective, managers should authorize the most expensive actions first.
5) It is not optimal to drive the probability of a patent infringement to zero.
6) In some situations, managers cannot make incremental actions to prevent product failure and must either decide to take preventative action or not.