Which of the following would NOT be an asset on a bank's balance sheet?

The income effect of a higher real wage on the quantity of labor supply is the

A) idea that workers feel psychologically wealthier when wages are higher, so they work more. B) effect that income must rise when wages rise. C) tendency of workers to supply more labor in response to becoming wealthier. D) tendency of workers to supply less labor in response to becoming wealthier.

If a consumer doubles her quantity of ice cream consumed when her income rises by 25%, then her income elasticity of demand for ice cream is

A) 8.0. B) 4.0. C) .25. D) .08.