To be considered well capitalized, a bank's leverage ratio must exceed

Supply and demand curves can only reflect

a. total social costs b. private, or internal, costs and benefits c. external costs and benefits d. external benefits e. external costs

Which of the following best describes the difference(s) between a model and a theory?

a. A theory is a more abstract representation, while a model is more applied or empirical representation. b. A model is a more abstract representation, while a theory is more applied or empirical representation. c. Theories are used to test models. d. Models have been proven, but theories are still being investigated.