If the required reserve ratio is one-third, currency in circulation is $300 billion, and checkable deposits are $900 billion, then the currency-deposit ratio is
A) 0.25.
B) 0.33.
C) 0.67.
D) 0.375.
B
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With labor migration, the destination country experiences:
A. An increase in output and a rising wage rate B. An increase in output and a falling wage rate C. A decrease in output and a falling wage rate D. A decrease in output and a rising wage rate
Now suppose that the firm is contemplating the use of a new abatement (AN) technology, which would generate the following cost functions: TACN = 1000 + 0.125(AN)2 MACN = 0.25(AN) Find the cost savings to the firm of using this new technology when faced with the emission charge.
Consider the following abatement cost functions (TACO andMACO) for a firm using an old abatement (AO) technology: TACO = 1000 + 0.25(AO)2 MACO = 0.5(AO), where A isunits of abatement undertaken by the firm, and the cost values are in thousands of dollars. Further assume that the regulatory authority has set an abatement standard (AST) equal to 40 units for each firm and has proposed an emission charge implemented as a constant per unit tax (t) of $10 (i.e., MT = 10), where Total Tax = t(AST – Ai), and Ai is the existing abatement level.
Tommy graduates from college and starts to look for a job. Tommy is
A) cyclically unemployed. B) frictionally unemployed. C) structurally unemployed. D) employed because he is looking for work. E) unnecessarily unemployed.
Bonds issued by state and local governments are called _____ bonds. Bonds issued by financially shaky corporations are called _____ bonds. Of these two, which type of bond usually pays a relatively higher interest rate?
Fill in the blank(s) with correct word