Which of the following legal systems prohibits investment in businesses that deal with alcohol, gambling, and casinos?
A. common
B. commercial
C. socialist
D. Islamic
E. civil
Answer: D. Islamic
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Suppose Bank A holds $200 of reserves, has deposits of $1000, and the desired reserve ratio is 15 percent. How many loans can Bank A create at Bank A?
A) zero, because Bank A has no excess reserves B) $200 C) $50 D) $850
Slick Shades has a constant marginal cost of production equal to $80 and the distributors have a constant marginal cost of distribution equal to $30. If Slick Shades vertically integrates with the perfectly competitive distributors, the relevant demand curve for the combined firm is the ________ demand curve and the combined firm's marginal cost is equal to ________.
The figure above shows the wholesale demand and marginal revenue curves for Slick Shades Sunglasses, a sunglasses firm with market power. Slick Shades Sunglasses has a constant marginal cost of production and it sells to perfectly competitive independent retail distributors that have a constant marginal cost of distribution.
A) retail; $110
B) retail; $80
C) wholesale; $110
D) wholesale; $80
If pollution is bad, why do we still use pollution-causing resources such as coal and oil to generate electricity?
A) Governments lack the political will to enforce the use of pollution free resources. B) The cost of using pollution free resources to generate power in many circumstances is much higher than generating that same power through conventional pollution-causing means. C) Pollution is only a private cost. D) The transaction costs of pollution is too low.
The increase in the proportion of women in the labor force causes GDP to _____ the growth in economic well-being because _____.
A. overstate; some of the services that women formerly provided in the home are now purchased in the market B. overstate; the services that women provide in the home do not contribute to economic well-being C. understate; some of the services that women formerly provided in the home are now purchased in the market D. understate; the services that women provide in the home do not contribute to economic well-being