In the foreign exchange market, what factor leads to a movement along the demand curve for dollars?
What will be an ideal response?
A change in the exchange rate leads to a movement along the demand curve for dollars.
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The commercial banks in Fundland have
Reserves $500 million Loans $3,500 million Deposits $4,000 million Total assets $5,000 million The banks hold no excess reserves. a) Calculate the banks' desired reserve ratio. b) An immigrant arrives in Fundland with $10 million, which she deposits in a bank. How much does the immigrant's bank lend initially?
With respect to business types, what does the term 'limited liability' mean?
What will be an ideal response?
The rising price of oil has made it feasible to extract oil out of oily sand in Canada. Concerning the oil market this is an example of
A) a higher price elasticity of supply in the long run. B) a higher price elasticity of supply in the short run. C) a higher price elasticity of demand in the short run. D) an inelastic long-run supply of oil.
A firm produces leather handbags and leather shoes. If there are economies of scope, the product transformation curve between handbags and shoes will be
A) a straight line. B) bowed outward (concave). C) bowed inward (convex). D) a rectangle.