Which of the following is an asset for a bank?
A) deposits of its customers
B) short-term borrowing
C) shareholders' equity
D) loans
Answer: D
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The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:
a. the price elasticity of demand for film. b. the price elasticity of demand for cameras. c. the price elasticity of supply for film. d. the price elasticity of supply for cameras. e. nothing, because the two goods fall into the broadly defined category of photographic equipment.
When the government implements programs such as progressive income tax rates, which of the following is likely to occur?
a. equality is increased and efficiency is increased. b. equality is increased and efficiency is decreased. c. equality is decreased and efficiency is increased. d. equality is decreased and efficiency is decreased.
Which of the following is an accurate statement about a monopolistically competitive firm?
a. It uses ads to sell as much of a product as competitors do at the going price. b. It uses ads to continue selling a product even with decreasing prices. c. It uses ads to sell a product even with an expected price increase. d. It uses ads to sell more of a product than competitors do at the going price.
Related to the Economics in Practice on page 239: According to the Economics in Practice, there is evidence suggesting that parents who hold proportionately more equities in their investment portfolios have children
A. who are generally more risk averse. B. who are generally less risk averse. C. who invest similarly. D. choose to not invest at all.