Which of the following is a bank liability?
A. U.S. Treasury securities
B. Reserves
C. Demand deposits
D. Mortgage loans
Answer: C
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Which of the following could decrease the equilibrium price but increase the equilibrium quantity of apples?
a. Higher wages are paid to the agricultural workers who harvest the apples. b. A rise in the cost of treating pests destroying apples. c. Many new apple orchards are planted. d. An increase in the market supply of grapefruit.
Robin owns a horse stables and riding academy and gives riding lessons for children at "pony camp.". Her business operates in a competitive industry. Robin gives riding lessons to 20 children per month. Her monthly total revenue is $4,000 . The marginal cost of pony camp is $250 per child. In order to maximize profits, Robin should
a. give riding lessons to more than 20 children per month. b. give riding lessons to fewer than 20 children per month. c. continue to give riding lessons to 20 children per month. d. We do not have enough information to answer the question.
When economists refer to labor, what type of workers are they referring to?
What will be an ideal response?
A physical book that sells new for $100 will rent for around
A. $100. B. $75. C. $25. D. $50.