Which of the following is NOT a part of the monetary base?
A) Chemical Bank's deposits of reserves at the Fed
B) First Bank's required reserves held at the Federal Reserve
C) currency
D) U.S. government securities owned by the Fed
D
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A recent estimate of the fiscal burden on state and local government for low-skilled immigrant households is nearly:
A. $10 billion annually B. $30 billion annually C. $50 billion annually D. $100 billion annually
A bottle of wine costs $8 and a quiche costs $5. At Robert’s present levels of consumption, he spends all his income and receives marginal utility of $10 from the last bottle of wine and marginal utility of $4 from the last quiche. To maximize his total utility, Robert should
A. buy less wine and more quiche. B. buy more wine and less quiche. C. spend all of his money on wine. D. change his spending pattern until he buys 8/5ths as much wine as quiche.
Consider a market for product X where 75 percent of the stores charge $500 and 25 percent charge $450. Compute the expected benefit from an additional search when the first search results in a price of $500.
A. $12.50 B. $50 C. $37.50 D. $500
All other things equal, increased concern for medical ethics will:
A. Increase the demand for health care B. Decrease the demand for health care C. Increase the supply of health care D. Decrease the supply of health care