Refer to Scenario 1. As a result of Sheila's deposit, Perez Bank can increase its loans by
A) $10,000.
B) $90,000.
C) $100,000.
D) $1,000,000.
Ans: B) $90,000.
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One reason supply curves have an upward slope is because
A) increased supply will require increased technology. B) to have more of the good supplied requires more firms to open. C) people will pay a higher price when less is supplied. D) a higher price brings a greater profit, so firms want to sell more of that good. E) None of the above answers is correct because supply curves have a downward slope.
Figure 5-5 shows a consumer budget line for French fries and hamburgers. The household allocates a budget for these two goods. Suppose that the price of an order of French fries is $2, what is household income?
A. $1 B. $2 C. $5 D. $10
Which of the following is a method used by unions to increase the demand for their members' labor?
A) Support import restrictions. B) Decrease the marginal product of union members. C) Oppose immigration restrictions. D) Oppose minimum wage laws.
Financial crises are typically ________
A) characterized by sharp declines in asset prices B) associated with increases in business failures C) accompanied by sharp economic downturns D) all of the above E) none of the above