A system that requires banks to keep 100 percent reserves
a. would reduce the Fed's ability to control the money supply.
b. would undermine the effectiveness of reserve requirement changes.
c. would increase the Fed's ability to control the money supply.
d. could be implemented with little change in bank policy.
c
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A country is most likely to have a comparative advantage in the production of cars if:
A. it has a relative abundance in the natural resources needed to produce cars. B. it imports most of the raw materials necessary to produce cars. C. its citizens prefer driving cars to other forms of transportation. D. it has strict environmental protection laws governing automobile emissions.
Veruca sells therapeutic bath salts on the Internet. Her annual revenue is $52,000 per year, the explicit costs of her business are $14,000, and the opportunity costs of her business are $17,000 per year. What is her accounting profit?
A) $14,000 B) $21,000 C) $31,000 D) $38,000
Fairness legislation protects all workers from unfairly being fired
Indicate whether the statement is true or false
Incomes for adults vary widely across race and gender in the United States. These differences could be due to:
A. discrimination. B. choice of occupation. C. education. D. All of these can explain the differences.