If the demand curve is very inelastic and the supply curve is very elastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers
a. True
b. False
Indicate whether the statement is true or false
False
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If the required reserve ratio is 0.25, what is the demand deposit multiplier?
a. 4.00 b. 0.50 c. 0.75 d. 1.33 e. 1.25
If a share of stock in Skylight Chili sells for $75, the retained earnings per share are $5, and the dividend per share is $2, then the price-earnings ratio is 15
a. True b. False Indicate whether the statement is true or false
A usury ceiling will be effective depending on
A. whether the usury rate is above 10 percent. B. whether the usury rate is above 8 percent. C. whether that rate is below what the equilibrium rate of interest would have been in a free market. D. how well organized the lending institutions are.
One problem with the infant industry argument is that
A) the protection is typically never removed, creating a domestic monopoly. B) it fails to protect domestic industries from foreign competition. C) it must be approved by the IMF and the World Bank. D) it must be approved by the Federal Reserve Board.