A pumped storage reservoir used regularly by an electrical utility is efficient for the utility to operate

A) even if it takes twice as much electricity to operate as it generates.
B) only if it generates more electricity in the long run than it uses u


A

Economics

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If the Fed buys a $100,000 government security from a bank when the desired reserve ratio is 10 percent and the currency drain ratio is 50 percent, the bank can loan a maximum of

A) $90,000. B) $100,000. C) $60,000. D) $40,000. E) $50,000.

Economics

Some sources of air pollution may tend to cause global cooling

Indicate whether the statement is true or false

Economics

Which of the following is not a function of money?

A. Medium of exchange B. Income generation C. Standard of value D. Store of value

Economics

Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1Price per PizzaQuantity Demanded (Pizzas per Month)Quantity Supplied (Pizzas per Month)$31,200  600  61,000  700  9  800  80012  600  90015  4001,000Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n)

A. excess supply of more than 600 units. B. excess demand of less than 400 units. C. quantity demanded of more than 400 units. D. quantity supplied of less than 1,000 units.

Economics