If a bank has $1 million in assets and $50,000 in net worth, its liabilities must equal:
a. $50,000
b. $1,050,000.
c. $50 million.
d. $1,000,000.
e. $950,000.
e
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The firm's marginal profit (M?) at the efficient equilibrium is
Consider the following graph of the market for chemical solvents, production of which damages a waterbody used for recreation.
a. EH b. HL c. GK d. DG
What do people base their expected inflation rate upon?
What will be an ideal response?
In a world of scarcity, there has to be some way to ration the available resources. According to economists, the most efficient use of available resources occurs when rationing occurs via
A) queuing. B) lotteries. C) political power. D) the price system.
If something serves as a store of value, we expect it to be
A) divisible. B) durable. C) of intrinsic value. D) light.