If all firms had to bear all the social costs of their actions, we should observe marginal cost curves
A) of all firms shifting up.
B) of some firms shifting up, of some others shifting down, and of the rest not shifting at all.
C) of all firms that had generated externalities shifting up while there would be no change for the rest of the firms.
D) of some firms shifting up and of the rest shifting down.
B
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Assume that the reserve ratio is 20% and banks in the system are loaning out all their excess reserve. If people collectively cash out $10 billion from their checking accounts, then the lending ability of the banking system will be
A. increased by $10 billion. B. decreased by $40 billion. C. decreased by $50 billion. D. decreased by $10 billion.
The payment made by a bank to a depositor to use her money for lending to those in need of funds is referred to as the ________
A) dividend B) interest C) principal D) stock
Expenditures on a nation's domestic production
a. are less than its domestic production. b. are equal to its domestic production. c. are greater than its domestic production. d. could be less than, equal to, or greater than its domestic production.
Sound career decision-making involves
A) finding the things you enjoy without regard for whether you do them well. B) figuring out the things you do best without regard to whether you find them personally enjoyable or fulfilling. C) figuring out the things you do best, enjoy, and find fulfilling. D) only monetary considerations.