Matt deposits $150,000 into his bank, which has a required reserve ratio of 15 percent. Matt’s bank must keep ______ of this new deposit in its reserves.
a. $10,000
b. $127,500
c. $150,000
d. $22,500
d. $22,500
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What does the concept of "invisible hand" imply?
What will be an ideal response?
Consider the monopoly in the figure below with price regulated at $2 per unit. In this market, ________ units will be exchanged. 
A. 3 B. 8 C. 4 D. 5
If revenues exceed ________, profit is ________.
A. variable cost; negative B. fixed cost; positive C. total cost; negative D. total cost; positive
Large manufacturing firms that buy many different parts or components (e.g., auto manufacturers) can choose which parts to buy from other firms and which parts to make in their own factories
These manufacturers may be able to use monopsony power to reduce the price paid to outside suppliers for parts that are: A) standard components for many manufacturers so that there are many buyers and sellers. B) only used in their cars so that there is one buyer and a few sellers. C) bought and sold in perfectly competitive markets. D) none of the above