Suppose a bank is exactly meeting its desired reserve ratio of 10 percent and a new deposit of $75,000 is made. Immediately after the deposit is made, the bank's excess reserves equal
A) zero.
B) $7,500.
C) $67,500.
D) It is impossible to determine without additional information.
C
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Fill in the blank: Producers will compare ________ benefits to ________ costs when considering how much output to produce
A) average; additional B) additional; additional C) additional; average D) average; average
One of the leading alternative theories to the HO model of international trade is the Human Skills theory, which was developed by
A) Donald Keesing. B) Adam Smith. C) David Ricardo. D) G. D. A. MacDougall.
Explain why individual firms in competitive markets face more elastic demand curves than the market as a whole
What will be an ideal response?
In 1993 the negotiations over the North American Free Trade Agreement and the General Agreement on Tariffs and Trade were frequently characterized by comments such as, "Free trade with low-wage countries will cause the wages of U.S. workers to fall." Identify the errors in statements such as this