If the production possibilities frontier were a straight line,
A. The Law of Increasing Cost would still apply.
B. The opportunity cost of producing one good would decrease as more of another good is produced.
C. The opportunity cost of producing one good would increase as more of another good is produced.
D. The opportunity cost of producing one good would remain the same as more of another good is produced.
D. The opportunity cost of producing one good would remain the same as more of another good is produced.
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A bank has no excess reserves and demand deposit liabilities of $100,000 when the required reserve ratio is 20 percent. If the reserve ratio is raised to 25 percent, the bank's excess reserves will now be
A) -$5,000. B) -$1,000. C) $1,000. D) $5,000.
Immediately after being collected, taxes are deposited in
A) tax and loan accounts. B) the Federal Reserve Bank of New York. C) Federal Reserve district banks around the country. D) the Congressional Vault.
Contingent workers are those who have no regular employment arrangement (such as a 40-hour week), but rather work as and where there is work to be done.
Answer the following statement true (T) or false (F)
Which of the following is true of regulation?
a. Regulatory agencies often ignore the secondary effects of their actions and fail to foresee future problems. b. Policy-makers are hesitant to call for new regulations even when it is clear they would help avert future crises. c. Mortgage lending and banking have historically been unregulated and therefore regulation in these sectors will be unpopular. d. Past regulations have been effective at averting crises, but they are unpopular because they reduce the profitability of the regulated industry.