A bank's balance sheet can show a negative net worth and yet its income statement can show a profit for the year

The passage of major pieces of consumer protection legislation in the postwar period

a. was one of the most dramatic development of that period. b. was influenced by the "red scare," and other hysteria over rumors of deliberate sabotage of consumer products. c. often were the result of highly visible public tragedies. d. Both a and b are correct. e. Both a and c are correct.

Ceteris paribus, an increase in the price of a good will cause the

a. quantity demanded of the good to increase. b. quantity supplied of the good to decrease. c. producer surplus derived from the good to increase. d. supply of the good to decrease.