Assets are things of value that people own. Liabilities are debts. Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a liability.
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability
B. Agree. checking accounts or something of value that is in the bank. Therefore, they are a bank asset
C. Disagree. Both checking accounts and car loans represent bank liabilities
Ans: A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability
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If the four-firm concentration ratio for the market for diapers is 73 percent, then this industry is best characterized as
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) either a monopoly or monopolistic competition.
The above table shows the short-run production function for Albert's Pretzels. The marginal product of labor equals the average product of labor
A) for all levels of labor. B) at none of the levels of labor. C) only for the first worker. D) only for the fifth worker.