Excess reserves in a bank are the difference between required reserves and the bank's total net worth.
Answer the following statement true (T) or false (F)
False
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Because resources are scarce, economists would say that
A) people's wants are unlimited. B) anything worth doing is worth doing well. C) every choice has an opportunity cost. D) there are no benefits from cooperation. E) the best things in life are always free.
What are the factors that can shift the supply of financial capital to a certain investment?
a. if people do not want to alter their existing levels of risk b. if the riskiness or return on one investment is the same as other investments c. if the riskiness or return on one investment changes relative to other investments d. if people do not want to alter their existing levels of consumption
Yeinsen Cookies produces cookies famous for their unique flavors. The elasticity of demand for cookies is equal to 0.62 when the price is $4.20 per pound. If the price of cookies increases to $4.50 per pound, which of the following is most likely to happen?
a. The total revenue earned by the company will fall. b. The total revenue earned by the company will rise. c. The quantity demanded of the cookies will increase. d. The quantity supplied of the cookies will decrease.
Why does the private market succeed in meeting consumers’ demands while majority voting in many cases fails to do the same?
Please provide the best answer for the statement.