In the short run, nonprice rationing will happen whenever there is excess demand in a market.
Answer the following statement true (T) or false (F)
True
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Refer to the scenario above. What is the present value of Option C?
A) $2,763.64 B) $3,662.44 C) $4,516.80 D) $5,800.79
If a firm's rent increases, it will affect its cost structure in which of the following ways?
A) AVC will increase. B) MC will increase. C) TFC will increase. D) All of the above will increase.
____ is the act of buying a commodity in one market at a lower price and selling it in another market at a higher price
a. Buying short. b. Discounting. c. Tariffing. d. Arbitrage.
Which of the following correctly describes fractional reserve banking?
A. The federal government only insures a fraction of the deposits at most banks. B. Banks keep a fraction of their loans with other banks to maintain the quality of their loan portfolio. C. Banks can loan out all but a small fraction of its own money, but must hold all money deposited at the bank on reserve in bank vaults. D. Banks can loan out all but a fraction of its own money, but must hold all money deposited at the bank on reserve in bank vaults.