The Fed purchases $1 million of U.S. government securities from First Bank. The desired reserve ratio is 10 percent, the currency drain ratio is zero, and banks loan all excess reserves
The Fed's purchase increases First Bank's excess reserves by how much? A) $900,000
B) $1,000,000
C) $1,100,000
D) $10,000,000
E) $100,000
B
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Wayne Inc supplies a wide range of electronic products. However, the quality of the company's products is low compared to other companies. The CEO of the company decides to improve quality by reducing the variety of products. The decision of the CEO is based on the concept of _____
a. privatization b. globalization c. economies of scale d. specialization
The poverty line is higher than the welfare eligibility income in
A. no states. B. a few states. C. most states. D. all states.
Refer to the graph shown.
Which curve represents the firm's derived demand for labor curve?
A. S2 B. S1 C. D D. MRP
Let D= demand, S = supply, P = equilibrium price, and Q= equilibrium quantity. What happens in the market for tropical hardwood trees if the governments restrict the amount of forest lands that can be logged?
A) D decreases, S no change, P and Q decrease. B) S decreases, D no change, P increases, Q decreases. C) D and S decrease, P and Q increase. D) D no change, S decreases, P increases, Q increases.