Refer to above figure. Given a tariff of $3 per unit, what is the country's consumer surplus?
What will be an ideal response?
$320
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A bank has no excess reserves. Then it receives a new deposit for $100,000. If it has a desired reserve ratio of 20 percent, by how much can it increase its loans?
A) $20,000 B) $80,000 C) $120,000 D) $180,000
Critically evaluate the following statement. "If a country has an absolute advantage in the production of everything it necessarily follows that it will have a comparative advantage in the production of everything."
What will be an ideal response?
All countries tend to have about the same tariff levels
Indicate whether the statement is true or false
TARP was
A. the name given to the auto company bailouts. B. the name given to the stimulus package of 2009. C. what kept AIG afloat. D. the name given to the bank bailouts.