If a bank has demand deposits of $100 million, how much are its required reserves?
What will be an ideal response?
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Explain how globalization has benefitted consumers but has also widened the gap between rich and poor in the United States
What will be an ideal response?
The fractional reserve system of banking started when goldsmiths began:
A. charging people who deposited their gold. B. accepting deposits of gold for safe storage. C. issuing paper receipts in excess of the amount of gold held. D. using deposited gold to produce products for sale to others.
Firms in a perfectly competitive market:
A. sell a differentiated product. B. sell homogeneous products. C. usually have large advertising budgets. D. try to attract customers away from their competitors.
Refer to the data provided in Table 16.2 below to answer the following question(s).Table 16.2 shows the situation facing two firms, both of which are polluting. Assume that each firm emits 5 units of pollution.Table 16.2Firm AFirm AFirm AFirm BFirm BFirm BReduction of Pollution by Firm AMC of reducing pollution for Firm ATC of reducing pollution for Firm AReduction of Pollution by Firm BMC of reducing pollution for Firm BTC of reducing pollution for Firm B1$1$11$8$82 3 4212203 6103163641020420565153552480Refer to Table 16.2. Suppose the government wants to reduce the total amount of pollution from the current level of 10 to 4. To do this, the government caps each firm's emissions at 2 units and issues 2 permits to each firm. If firms are allowed to trade permits, what is the
total cost of the pollution reduction? A. $24 B. $40 C. $43 D. $81