The reserve ratio is equal to required reserves divided by ___________.
Fill in the blank(s) with the appropriate word(s).
total deposits (deposits at the Fed and vault cash)
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Refer to the table above. The opportunity cost per dollar of value added in stitching shoes by workers in Eduland is ________
A) $0.25 B) $0.50 C) $2 D) $4
How should a financial plan of an older saver differ from that of a younger saver?
What will be an ideal response?
One question that arises when determining for whom goods and services should be produced is:
A) Who gets how much of the economic pie? B) How can we import more goods for domestic consumption? C) How can we reduce exports so as to leave more goods for domestic consumption? D) Should society outlaw child labor?
Firm A? High PriceLow PriceFirm BHigh priceA = $250A = $325??B = $250B = $200?Low priceA = $200A = $175??B = $325B = $175Refer to the above payoff matrix. Assume that firm B adopts a low-price strategy while firm A maintains a high-price strategy. Compared to the results from a high-price strategy for both firms, firm B will now:
A. gain $50 million in profit and firm A will lose $50 million in profit. B. lose $75 million in profit and firm A will gain $50 million in profit. C. gain $75 million in profit and firm A will lose $50 million in profit. D. gain $50 million in profit and firm A will lose $75 million in profit.