Education's benefit to society is an example of an externality.
Answer the following statement true (T) or false (F)
True
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What factors have slowed down the movement to a system where all payments are made electronically?
What will be an ideal response?
The spectacular growth in international banking can be explained by
A) the rapid growth in international trade. B) the 1988 Basel Agreement. C) the collapse of the Bretton Woods system. D) the creation of the World Trade Organization.
A backward-bending supply curve of labor implies that
a. if the wage rate offered keeps increasing, at some point, workers will work fewer hours in response to an increase in the wage rate b. the firm can hire any quantity of workers it wishes provided it pays back workers for the lower wage rate it offered c. at higher wage rates, workers will go back to work (overtime) during their off hours d. income and work hours are regarded as back-to-back payments for labor e. wage rates are not an important consideration in the work decision
The Federal Deposit Insurance Corporation:
A. has eliminated bank failures. B. insures all demand deposits without limit. C. insures all demand deposits up to $100,000. D. includes commercial banks and state-chartered banks as its members.