Which of the following is true of sub-Saharan Africa?
a. The poverty rate in the region is low.
b. Most of the sub-Saharan African countries rank among the freest economies in the world.
c. The poverty rate in sub-Saharan Africa is the highest of any region in the world, and the reduction in the rate during the past quarter of a century has been modest.
d. The poverty rate in sub-Saharan Africa is the lowest of any region in the world, and the rate has declined sharply during the past quarter of a century.
C
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An opportunity cost is
A) an opportunity lost. B) only the explicit costs of an action. C) only the costs a person can consciously articulate at the moment of deciding. D) none of the above.
Which of the following are reported as liabilities on a bank's balance sheet?
A) reserves B) checkable deposits C) consumer loans D) deposits with other banks