Which of the following antebellum institutions acted most like a central bank?
a. The First Bank of the United States
b. The Second Bank of the United States
c. Banks created by the National Bank Act
d. The U.S. Treasury
b. The Second Bank of the United States
Economics
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When tax revenues ________ outlays is positive, then the government has a budget ________
A) plus; deficit B) minus; deficit C) minus; surplus D) plus; surplus E) divided by; surplus
Economics
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.
Economics