The above table gives assets and deposits for a (small) bank. The bank's reserves are equal to
A) $20.
B) $30.
C) $600.
D) $630.
E) $620.
B
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When the marginal cost of producing a bike is greater than the marginal benefit of the bike, for resource use to be allocatively efficient,
A) more bikes should be produced. B) fewer bikes should be produced. C) no more and no fewer bikes should be produced. D) it must be determined if the production of bikes can be increased. E) people must be educated to demand more bikes.
A game is called a simultaneous move game if ________
A) players choose their actions at the same time B) one player chooses her action after the other player makes a move C) players choose mixed strategies to play the game D) players choose their dominant strategies to play the game
Equilibrium in a market occurs when
A. quantity supplied and quantity demanded are equal at the market clearing price. B. price is at its minimum. C. demand and supply indicate a small surplus of a good. D. the market price leads to a decrease in quantity demanded.
Which of the following statements is true?
A. Financial investment refers to the creation and expansion of business enterprises B. Economic investment refers to the creation and expansion of business enterprises C. Economic investment refers to the purchase of assets such as stocks, bonds, and real estate D. Both economic investment and financial investment refer to the purchase of assets such as stocks, bonds, and real estate