Which of the following is a fundamental topic addressed by microeconomics?
A) whether to extend unemployment insurance
B) determining how many new iPhones the Apple company should produce
C) the level of inflation in the country
D) the impact of interest rates on savings in the economy
B
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Answer the next question based on the following consolidated balance sheet for the commercial banking system.AssetsLiabilities + Net WorthReserves$50,000Checkable deposits$120,000Loans75,000Stock shares130,000Securities25,000 Property100,000 If the reserve requirement is 10%, and the above data is the balance sheet for the entire banking sector, then the maximum amount by which the commercial banking system can expand the supply of money by lending is
A. $120,000. B. $380,000. C. $700,000. D. $440,000.
Why would a firm in a monopolistically competitive industry ever advertise?
What will be an ideal response?
In the model Q = ?e + µ, management cannot readily observe:
A. Q and ?. B. e and µ. C. Q and e. D. Q and µ.
Which of the following is a correct statement?
A. A perfect equilibrium is always Nash. B. A Nash equilibrium is always perfect in a multistage game. C. A Nash equilibrium is always perfect. D. None of the answers is correct.