If the reserve ratio decreases from 20 percent to 10 percent, then the potential money multiplier
A. decreases from 10 to 5.
B. decreases from 20 to 10.
C. increases from 5 to 10.
D. does not change.
Answer: C
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Why will a profit-maximizing, single-price monopolist NOT produce the amount of output that maximizes its total revenue?
What will be an ideal response?
Truck drivers usually earn more than secretaries because
a. drivers require more education and training b. truck drivers have more flexibility in their daily activities c. truckers face greater risks d. secretaries have higher productivity than truckers e. truckers are discriminated against
According to the textbook application, product remanufacturing
a. begins with the collection of used products b. involves the dismantling of used products c. comprises a small market of less than $5 million in revenues d. none of the above e. (a) and (b) only
Which statement is true?
A. Only monopolists can truly engage in price discrimination. B. Price discrimination violates our basic constitutional rights. C. Price discrimination occurs when a seller charges two or more prices for different goods or services. D. The firm that practices price discrimination needs to be able to distinguish between two or more separate groups of buyers.