Which of the following appears on the asset side of a bank's balance sheet?
a. Loans
b. None of the answers are correct.
c. Required reserves
d. All of the answers are correct.
e. Excess reserves
d
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Trade diversion may be such that the combined welfare of two nations in the agreement actually ____ because of ____, not completely offset by the _____.
a. falls; loss of tariff revenue for the importing nation; gain in the exporting nation's producer surplus b. rises; gains from trade; loss of jobs in the importing industry c. rises; gain in tariff revenue; gain in jobs d. remains the same; loss of tariff revenue; gains from product variety
If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, and they negotiate a price of $2 for a cupcake, the cooperative surplus is
A) $1. B) $2. C) $3. D) $4.