Repurchase agreements are usually used by banks that:
A. cannot obtain financing from any other source.
B. need cash for a very short period of time.
C. have negative net worth.
D. have a need for long-term financing.
Answer: B
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According to revealed preference a consumer that chooses to smoke cigarettes:
A. derives more utility from smoking than the goods they could have purchased with that same money. B. derives more happiness from smoking than the goods they could have purchased with that same money. C. is minimizing their utility given the options available to them. D. is behaving irrationally.
A profit-maximizing, price-taking firm should cease production whenever: a. the firm is making a loss
b. the firm is earning zero economic profit. c. the price is less than minimum average fixed cost. d. the price is less than minimum average variable cost.
The slope of the demand for loanable funds curve represents the
a. positive relation between the real interest rate and investment. b. negative relation between the real interest rate and investment. c. positive relation between the real interest rate and saving. d. negative relation between the real interest rate and saving.
The minimum efficient scale is the output at which the long-run average cost curve becomes horizontal.
Answer the following statement true (T) or false (F)