Tom steals Dave's checkbook, writes a check for $1,000,forges Dave's signature,and receives payment from Tom's bank.The bank paid in good faith.Who is liable to the bank for the $1,000 in this case?
A) Tom B) Dave C) Both Tom and Dave D) Neither Tom nor Dave
A) an upward shift in a firm's total product curve. B) an upward shift in a firm's marginal cost curve. C) a downward shift in a firm's marginal revenue curve. D) an increase in product demand.
The immediate effect of a purchase of a government bond on the gross domestic product (GDP) is_____.
A) a decrease in consumption B) an increase in government spending C) an increase in investment D) a decrease in investment E) nonexistent,since no real goods and services have been produced