Which real-world market most closely approximates perfect competition?
a. the stock market
b. automobiles
c. higher education
d. cable television services
e. retail clothing stores
A
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Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed, the unemployment rate is
A. 3%. B. 7%. C. 53%. D. 6%.
Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the Union Bank has no excess reserves. If a new customer deposits $50,000 . the bank could extend new loans up to a maximum of
a. $10,000. b. $40,000. c. $50,000. d. $250,000.
U.S. net capital outflow
a. is a source of the supply of loanable funds, and the source of the supply of dollars in the foreign exchange market. b. is a source of the supply of loanable funds, and a source of the demand for dollars in the foreign exchange market. c. is a part of the demand for loanable funds, and the source of the supply of dollars in the foreign exchange market. d. is a part of the demand for loanable funds, and a source of the demand for dollars in the foreign exchange market.
Refer to the information provided in Table 24.6 below to answer the question(s) that follow.Table 24.6All Figures in Billions of Dollars
Refer to Table 24.6. The equilibrium level of income is
A. $3,800 billion. B. $3,600 billion. C. $3,400 billion. D. $2,000 billion.