A two-firm oligopoly is called a
A) double monopoly.
B) cartel.
C) duopoly.
D) monopolistic oligopoly.
E) dual-market.
C
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Of the following resources, which one is the world most likely to run out of?
A) oil B) pork C) diamonds D) tigers
The Bank of North America, the Bank of New York, and the Massachusetts Bank were all banks started in the 1780s that are examples of
a. savings and loans b. asset based banks c. stock banks d. state-chartered banks e. intermediary clearinghouses
A currency appreciation will be most likely to
a. reduce net exports and therefore increase aggregate demand. b. raise net exports and therefore decrease aggregate demand. c. reduce net exports and therefore decrease aggregate demand. d. raise net exports and therefore increase aggregate demand.
A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that the reserve requirement is
a. 2.5 percent. b. 33.3 percent. c. 25 percent. d. 75 percent.