Refer to the figure above. Which of the following is true?
A) Firm 2 should follow Strategy X if Firm 1 follows Strategy X.
B) Firm 2 should follow Strategy Y if Firm 1 follows Strategy Y.
C) Firm 2 should follow Strategy X if Firm 1 follows Strategy Y.
D) Firm 1 should always follow Strategy X.
C
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A bank has $200 of reserves and $4,000 of deposits. It is just meeting its desired reserves and has no excess reserves. Thus the desired reserve ratio is
A) 25 percent. B) 10 percent. C) 5 percent. D) $200. E) 20 percent.
If the price of business broadband is greater than that of residential broadband, all else equal
A) business has greater price elasticity than residential. B) residential has greater price elasticity than business. C) both have inelastic demand curves. D) generally speaking, broadband is equally priced.
If Stimpson University increases tuition in order to increase its revenue, it will
a. not be successful if the demand curve slopes downward b. be successful if demand is elastic c. be successful if demand is inelastic d. be successful if supply is elastic e. be successful if supply is inelastic
The Bureau of Labor Statistics produces data on unemployment by using data on claims filed for unemployment insurance
a. True b. False Indicate whether the statement is true or false