If the price elasticity of supply is inelastic, which of the following could be a possible value of the elasticity?
A. 3
B. 1
C. 0.3
D. -0.3
Answer: C
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Predatory pricing, as defined in the text, is
A) common and profitable but illegal. B) common, profitable, and legal. C) common but both unprofitable and illegal. D) common and legal but unprofitable. E) rarely observed though often alleged.
The United States
A) has never had a significant problem with corruption. B) currently is one of the most corrupt countries. C) currently ranks among the least corrupt countries. D) had a significant problem with corruption in the 1930s.
In the United States, which of the following safety precautions has the government NOT taken to reduce Bank failures?
A) implemented deposits insurance B) bank reserve requirements C) capital requirements and asset restrictions D) required bank examination E) forcibly closing poorly run banks
Which of the following appears on the asset side of a bank's balance sheet?
a. Required reserve deposits. b. Loans. c. Excess reserves. d. All of these.