If the fractional reserve system were to cease to exist, the banking system would be able to create money
Indicate whether the statement is true or false
F
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Which of the following shows the combination of two products that have the same utility or satisfaction?
A. Production possibility curve B. Insignificance curve C. Demand curve D. Indifference curve
Which of the following is true of home mortgage loans since the late 1990s?
a. Government regulations required homebuyers to make larger down payments in order to obtain a mortgage. b. Traditional fixed-rate, long-term mortgages grew in popularity. c. There was a substantial increase in the volume of mortgage loans extended with little or no down payment. d. High interest rates made it less attractive to lock in to a fixed-rate, long-term loan.
Joe complains that 32% of his income last year went to taxes. He is referring to his
A. marginal tax rate. B. proportional tax rate. C. average tax rate. D. progressive tax rate.
Which of the following barriers to entry into a market is most beneficial from society's perspective?
A) Economies of scale. B) Ownership of an essential productive resource. C) Brand loyalties. D) Consumer lock-in and switching costs.