The role that prices play in distributing scarce goods and services to those consumers who value them the most highly is known as the ________ function of price.
A. multiplicative
B. rationing
C. equilibrium
D. allocative
Answer: B
Economics
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The balance sheet of a bank shows its
A) assets and liabilities. B) earnings and expenses. C) revenues and costs. D) profits and losses.
Economics
A sum of $10,000 is deposited in a bank. Consider two situations: the bank offers an annual rate of interest of 10% and the bank offers an annual rate of interest of 15%. Compare the time value of money generated in both cases after:
a) one year. b) five years.
Economics