A restaurant sells a large soft drink at a fixed price of $1.79. A term used by economists to describe the money received from the sale of an additional large soft drink is
A) pure profit. B) marginal revenue. C) gross earnings. D) net benefit.
B
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Some corporate governance experts believe that serving on a company's board of directors for an extended length of time ________that member's independence from the company's CEO. If this is true, it would tend to ________ the principal-agent problem
A) enhances; increase B) has no impact on; increase C) diminishes; increase D) diminishes; decrease
Labor, human capital, and entrepreneurship are resources related to human beings. Distinguish among the three resources
What will be an ideal response?
Suppose a national government increased spending by $100 billion. The net effect on the banking system would be to:
a. Reduce bank reserves by $100 billion and reduce bank deposits by $100 billion. b. Increase bank reserves by $100 billion and increase bank deposits by $100 billion. c. Decrease government checking accounts in the banking system by $100 billion and increase the public's checking accounts there by $100 billion. d. Increase government checking accounts in the banking system by $100 billion and reduce the public's checking accounts there by $100 billion. e. Increase government checking accounts in the banking system by $100 billion and increase the public's checking accounts there by $100 billion.
The reserve ratio is equal to required reserves divided by ___________.
Fill in the blank(s) with the appropriate word(s).