The 12 regional Fed banks do all of the following except:
A. Clear checks between private banks.
B. Lend money to individuals.
C. Provide currency to banks.
D. Hold bank reserves.
B. Lend money to individuals.
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Private investment is equal to the net addition to the capital stock ________ the depreciation of that capital stock
A) plus B) minus C) times D) divided by
If a firm produces nothing, then its:
A. variable costs equal zero. B. fixed costs equal zero. C. total costs equal zero. D. All of these are true.
A firm suffering economic losses decides whether or not to produce in the short run on the basis of whether
A. revenues from operating are sufficient to cover fixed costs. B. revenues from operating are sufficient to cover fixed plus variable costs. C. revenues cover variable costs. D. Firms suffering economic losses will always shut down.
If a country has a trade surplus of $40 billion, which of the following can be true?
A. The country's exports are $140 billion, and its imports are $40 billion. B. The country's exports are $110 billion, and its imports are $150 billion. C. The country's exports are $160 billion, and its imports are $120 billion. D. The country's exports are $120 billion, and its imports are $140 billion.