The assumption that firms attempt to maximize profits will yield good predictions even if firms sometimes pursue other goals
a. True
b. False
Indicate whether the statement is true or false
True
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Assume the commercial banking system has checkable deposits of $20 billion and excess reserves of $2 billion when the reserve requirement is 25%. If the reserve requirement is then lowered to 20%, we can conclude that the ________.
A. banking system now has excess reserves of $3 billion B. Fed has decided that money supply needed to be reduced C. monetary multiplier has decreased D. maximum money-creating potential of the banking system has been increased by $7 billion
Answer the following statement(s) true (T) or false (F)
1. The EPA’s Endangerment Finding led to new controls on ozone-depleting substances released from stationary sources. 2. The Montreal Protocol is the international agreement aimed at addressing climate change. 3. During the Bush administration, the United States ratified the Kyoto Protocol. 4. After Russia ratified the Kyoto Protocol in 2004, the international agreement entered into force. 5. Under the Kyoto protocol, developed and developing countries have the same responsibilities and commitments.
Every time the Fed buys or sells on the open market, the __________ changes
A) budget deficit B) income tax rate C) money supply D) a and b E) a, b, and c
A car leasing company that expands its size by buying its competitors may run the risk of increasing production cost per unit due to:
A. diseconomies of scale. B. economies of scale. C. diminishing returns. D. greater use of large-volume purchases.