Which of the following are assets of commercial banks?

i. reserves
ii. loans
iii. deposits
A) i only B) ii only C) i and ii D) ii and iii E) i, ii, and iii

C

Economics

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The Soviet Union consistently increased the amount of capital available to its workers, but found that increases in capital resulted in progressively smaller and smaller increases in GDP per worker. This phenomenon is referred to as

A) diminishing returns to capital. B) a rising standard of living. C) new growth theory. D) a shift of the per-worker production function.

Economics

The concept of economic rent can be applied to

A) land only. B) land and natural resources only. C) land, natural resources, and paintings by dead masters only. D) any resource that cannot be replicated exactly.

Economics