If a bank that is subject to a 10 percent required reserve ratio has $20,000 in excess reserves, it can make new loans of:
a. $2,000 b. $18,000.
c. $20,000 d. $200,000.
c
Economics
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Refer to Scenario 10.2. Suppose that a tax of $5 for each unit produced is imposed by state government. How much profit does the monopolist earn?
A) $4050 B) $4950 C) $450 D) $5
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How many countries have deposit insurance programs?
a. About 50 b. About 70 c. About 100 d. All countries
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Milk costs $2 and the last unit provides $4 in marginal utility. Cheese costs $4 and the last unit provides $2 in marginal utility. Is this an efficient allocation of resources? If so, why? If not, why not?
What will be an ideal response?
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Labor productivity measures output per hour of work
a. True b. False Indicate whether the statement is true or false
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