The reserve ratio of the Second Bank of the United States was ___________ the reserve ratio of most state banks
a. larger than
b. smaller than
c. about equal to
d. dependent upon
a. larger than
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A low rate of expected inflation tends to lead to a ________ rate of actual inflation and a high rate of expected inflation tends to lead to a ________ rate of actual inflation.
A. low; high B. low; low C. high; low D. high; high
What is an attempt to monopolize an industry?
What will be an ideal response?
A public utility is a classic example of:
A. a natural monopoly. B. perfect competition. C. an oligopoly. D. monopolistic competition.
Juan wants to migrate from Mexico to the United States but knows he cannot do so legally at this time. If he decides to attempt to enter the United States illegally, which of the following costs will he most likely not face?
A. Payment to an expediter ("coyote") to facilitate his entry into the United States. B. A green card application fee. C. The loss of income from his current factory job. D. All of these are costs he must incur to migrate.