A reserve ratio of 10% means that the deposit expansion multiplier is _________.
Fill in the blank(s) with the appropriate word(s).
10
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The above table shows Tammy's total utility from videos and CDs. If Tammy has $110 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then Tammy maximizes her utility by purchasing
A) 3 CDs and 5 videos. B) 5 CDs and 1 video. C) 4 CDs and 3 videos. D) none of the above.
According to Baumol and Blinder, recognition of the usefulness of markets
a. labels a person as an apologist (defender) of capital. b. extends to some socialist countries, for example, China. c. should make totally free markets good for any society. d. makes one a radical.
If the average variable cost curve is above the marginal cost curve, then
A) marginal costs must be decreasing. B) average variable costs must be increasing. C) marginal costs must be increasing. D) marginal costs can be either increasing or decreasing.
Microsoft:
A. dominates the primary Internet markets. B. is attempting to gain market share in the Internet, smartphone, and tablet markets in an effort to offset a shrinking PC market. C. has colluded with Amazon and Google to fix online advertising prices. D. holds a near-monopoly in the Internet search market.