Which of the following is a valid statement?
a. Required reserve ratio = required reserves as a percentage to total deposits.
b. Required reserves = the maximum reserves required by the Fed.
c. Excess reserves = total reserves plus required reserves.
d. All of these.
a
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Technically speaking, a monopolist's share of industry demand is _________ to make it qualify as a monopoly
a. 100 percent b. 50 percent or more c. 25 percent or more d. 0 percent e. there is no specific percentage
Which of the following statements is correct regarding a tax on a good and the resulting deadweight loss?
a. The greater are the price elasticities of supply and demand, the greater is the deadweight loss. b. The greater is the price elasticity of supply and the smaller is the price elasticity of demand, the greater is the deadweight loss. c. The smaller are the decreases in quantity demanded and quantity supplied, the greater the deadweight loss. d. The smaller is the wedge between the effective price to sellers and the effective price to buyers, the greater is the deadweight loss.
Referring to the Production Possibilities Frontiers in Figure 1.11 A and B, which depicts generalized growth when there is constant opportunity cost?
Figure 1.11
A. Fig. A B. Fig. B C. Either Fig. A or B is correct D. Neither Fig. A nor B are correct
Which of the following is a result of discrimination?
A. Two groups of workers earning different wages. B. Two groups of workers paid the same wage, but proportionally fewer of one group are employed. C. Equal pay and equal employment opportunities for two groups of workers with different productivities. D. No workers from a particular group are employed.