Economist Steven Levitt argues the Supreme Court decision ________ had an impact on reducing crime during the 1990s because it is associated with "wantedness."
A. on gay marriage
B. on school bussing
C. on abortion
D. on prayer in schools
Answer: C
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A bank has no excess reserves. Then it receives a new deposit for $100,000. If it has a desired reserve ratio of 20 percent, by how much can it increase its loans?
A) $20,000 B) $80,000 C) $120,000 D) $180,000
The size of the spread that a dealer will quote for a foreign exchange transaction will vary depending on
A) the degree of market volatility at the time. B) the degree of risk associated with a particular currency. C) the size of the market for the currency being traded. D) All of above.
Without scarcity, people would not have to
a. share b. collaborate c. disagree d. choose e. settle
Which of the following goods are available at highly economical prices because the use of mass production techniques substantially reduces their per unit production costs?
a. automobiles b. DVD players c. microwave ovens d. all of the above