A bank that has $10,000 in excess reserves can extend new loans up to a maximum of:
a. $1,000.
b. $9,000.
c. $10,000.
d. $100,000.
c
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Air pollution caused by lead
A) has never been a pollution problem. B) is currently a major pollution problem. C) has mostly been eliminated as a pollution problem. D) is the number one source of pollution today.
The Stolper-Samuelson Theorem predicts
A) the level of productivity in export industries. B) which factors are abundant. C) the income distribution effects of trade. D) which goods will be exported. E) the importance of intraindustry trade.
Precautionary saving is saving:
A. done in anticipation of sales or bargain in the future. B. for the purpose of leaving an inheritance. C. for protection against unexpected setbacks, such as the loss of a job or a medical emergency. D. to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
For the firm, the major goal of profit sharing plans is to:
A. force workers to incur some of the business risk. B. overcome the monopsony problem of having to pay higher wages to attract additional workers. C. overcome the principal-agent problem by better aligning the workers' interests with those of the firm. D. reduce total compensation payments.