A bank that has no excess reserves
A) cannot create loans.
B) is not in equilibrium.
C) is on the brink of bankruptcy.
D) has no required reserves.
Ans: A) cannot create loans.
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The change in the labor force participation rate of married women in the US is often explained by
A) declining productivity in agricultural production. B) a rise in average household size. C) increased education and an increased demand for labor. D) the decreased opportunity cost of working in the home. E) declining productivity in household production.
Scarcity is a result of an unfair distribution of income
a. True b. False Indicate whether the statement is true or false
Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L = 5, Q = 125) and (L = 6, Q = 152). Then the marginal product of the 6th worker is
a. 25 units of output. b. 27 units of output. c. 37 units of output. d. 162 units of output.
Recurrent Funding
What will be an ideal response?