The simple deposit multiplier is
A) the reciprocal of the required reserve ratio.
B) always 1.
C) the same as the required reserve ratio.
D) different from bank to bank even if the required reserve ratio is the same for all banks.
A
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For resource use to be allocatively efficient, when the marginal benefit of a slice of pizza exceeds the marginal cost,
A) more slices of pizza should be produced. B) fewer slices of pizza should be produced. C) no more slices of pizza should be produced. D) allocative efficiency is reached only if the marginal benefit exceeds the marginal cost by as much as possible. E) None of the above answers is correct.
The U.S. imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen/dollar exchange rate is 125
What is the dollar price of the cars on January 1, 2003? What is the dollar price of the cars on January 1, 2004?
Robert Tadmur exports processed turkey and has an upward sloping supply curve. The supply curve indicates that Robert faces a marginal cost of $0.25 or less per pound for supplying the first few pounds. But every producer in this market sells turkey at the market clearing price of $0.50 per pound. The difference between the actual amount that Robert receives and what he would accept to supply the
market clearing quantity is called a. consumer surplus b. importer surplus c. producer surplus d. trade deficit e. average variable cost
The tax burden for a good falls largely on _____
a. the producers who have a perfectly elastic supply of the good b. the consumers who have a less elastic demand for the good c. the consumers who have a perfectly elastic demand for the good d. the producers who have an unit elastic supply of the good