A bank has $6 million in assets and $4 million in liabilities. The remaining $2 million is the bank’s ______.
a. cash assets
b. reserves held at the Fed
c. loans
d. capital
d. capital
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With more job training and more scholarships to poor American students, which special factor of production is likely to grow faster than in the past?
What will be an ideal response?
Which type of unemployment contributes to the natural rate of unemployment?
A. Real-wage unemployment B. Cyclical unemployment C. Unemployment of government workers. D. All of these contribute to the natural rate.
The law of comparative advantage suggests that
a. curtailing U.S. trade with other countries would make U.S. consumers better off. b. everyone would be better off if they were self-sufficient. c. countries will tend to import commodities that they can produce at a relatively low opportunity cost. d. countries will tend to import commodities that they can produce at a relatively high opportunity cost.
Labor unions are groups of:
A. employees who petition the government to oversee the employment conditions of employees who work for major corporations. B. employers who join together to create fair employment packages for employees within a certain geographical area. C. employers who petition the government to regulate the safety conditions of certain industries. D. employees who join together to bargain with their employer(s) over salaries and work conditions.