Suppose Bill Gates deposits $20 million into his checking account at Wells Fargo Bank. If the required reserve ratio is 10 percent, what is the maximum change in money supply?
A) -$200 million
B) -$180 million
C) $2 million
D) $180 million
E) $200 million
D
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Use the above table. Assuming constant opportunity costs, the opportunity cost of producing coffee in country Alpha is ________, and the opportunity cost of producing coffee in country Beta is ________
A) 0.33 ton of cookies; 2 tons of cookies B) 3 tons of cookies; 0.5 ton of cookies C) 0.375 ton of coffee; 2.25 tons of cookies D) 2.67 tons of cookies; 0.44 ton of coffee
With which choice are you more likely to avoid Bid-rigging cartels?
a. Holding smaller auctions b. Holding larger auctions c. Holding infrequent auctions d. Both B&C
In which of the following cases would a firm exit from a market?
A. P < long-run ATC. B. P > short-run ATC. C. P < short-run ATC. D. P > long-run ATC.
The terms of trade:
A. show the ratio at which nations will exchange two goods. B. show how the gains from trade can be equally shared. C. show the value of one nation's currency in terms of another nation's currency. D. compare the volume of a nation's exports and imports.