Who had served as a de facto lender of last resort during the 1907 panic?

A) The U.S. Treasury
B) J. P. Morgan
C) Henry Ford
D) John D. Rockefeller

B

Economics

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"Total revenue minus total cost" is

A) an incorrect definition of profit. B) the correct definition of profit. C) the economist's definition of profit. D) the government's definition of profit. E) the most common definition of profit.

Economics

If the balance on the current account is $842 billion and the balance on the financial account is -$603 billion, what is the balance on the capital account, assuming no statistical discrepancy?

A) $1,445 billion B) $239 billion C) $0 D) -$239 billion

Economics