Assuming initially that the required reserve ratio = 15%, the currency-deposit ratio = 40%, and the excess reserve ratio = 5%, an increase in the excess reserve ratio to 10% causes the M1 money multiplier to ________, everything else held constant
A) increase from 2.15 to 2.33
B) decrease from 2.33 to 2.15
C) increase from 1.54 to 1.67
D) decrease from 1.67 to 1.54
B
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In the United States, why are cartels among firms usually kept secret?
What will be an ideal response?
Rio Tinto was able to introduce robotic machines into its mining operations because of developments in computer technology, the Global Positioning System (GPS), and robotics
The company's mining operations are an example of ________, in which devices directly communicate data to a computer without a person having to enter the data. A) Artificial Intelligence B) Technological Singularity C) the use of Big Data D) the Internet of Things
During the entire period of 1820–1920, there were persistent trends in the structure of American foreign trade. They exhibited
(a) a decrease in imported finished manufactures and an increase in exported finished manufactures. (b) an increase in the exports of crude materials and foodstuffs and a decline in their importation. (c) increases in both imports and exports of manufactured goods and foodstuffs. (d) no exports or imports.
Which of the following is not true about the law of diminishing returns?
A) It is a short-run phenomenon. B) It refers to diminishing marginal product. C) It will have an impact on the firm's marginal cost. D) It divides Stage I and II of the production process. E) All of the above are true.