Suppose American Bank has $500 in deposits and $200 in reserves and that the required reserve ratio is 10%. In this situation, American bank has

Economic theory suggests that if natural resources can be held as private property, then

A) conservation will be nonexistent. B) owners will have an incentive not to abuse them. C) natural resources will be sold off for immediate use. D) people will simply hold them and refuse to make them available.

The break-even point means that the firm is realizing economic profits.

Answer the following statement true (T) or false (F)