We have achieved production efficiency if we can produce more of one good without producing less of some other good
Indicate whether the statement is true or false
FALSE
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What is the leverage implied by the bank balance sheet listed below? ? Assets ? ? Liabilities & Net Worth ? Reserves $280,000 ? Checking Deposits $2,800,000 Loans Outstanding $2,920,000 ? ? ? Total $3,200,000 ? Net Worth ? ? ? ? Stockholders’ Equity $400,000 ? ? ? Total $3,200,000
A. 2-to-1 B. 7-to-1 C. 8-to-1 D. 10-to-1
Which of the following would cause the money supply in the United States to decrease?
A. an increase in reserve requirements B. a decrease in the discount rate C. a purchase of U.S. government bonds by the Federal Reserve D. an increase in the world supply of gold
This table shows the demand and supply schedule of a good.Price of GoodQDemandQsupply$0.005025$0.504026$1.003528$1.503131$2.002835$2.502740According to the table shown, at a price of $1.00:
A. a shortage will exist. B. the market is in equilibrium. C. a surplus will exist. D. more is being supplied than demanded.
When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three units of output its total revenue is $690. In order to sell three units of output instead of only two, the monopolist must
A. make no change in price and increase output by one unit. B. decrease its price by $70 per unit. C. decrease its price by $30 per unit. D. decrease its price by $90 per unit.