Legal reserve requirements specify that banks must hold a certain percentage of their deposit liabilities
a. in currency only.
b. as deposits at regional Federal Reserve Banks only.
c. either in currency or as deposits at regional Federal Reserve Banks.
d. None of the above
C
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Recently, the American Medical Association changed its recommendations on the frequency of pap-smear exams for women. The new frequency recommendation was designed to address the family histories of the patients. The optimal frequency should be where the marginal benefit of an additional pap-test:
a. equals zero. b. is greater than the marginal cost of the test c. is lower than the marginal cost of an additional test d. equals the marginal cost of the test e. both a and b.
The labor-supply curve is affected by the trade-off between labor and leisure
a. True b. False Indicate whether the statement is true or false
Whether studying the output of the U.S. economy or how many classes a student will take, a unifying concept is that:
A. both wants and resources are unlimited, so trade-offs are unnecessary. B. wants are unlimited and resources are scarce, so trade-offs have to be made. C. wants are limited and resources are unlimited, so trade-offs are unnecessary. D. wants are limited and resources are unlimited, so trade-offs have to be made.
Interactive marketing is
A) advertising that permits a consumer to follow up directly by searching for more information and placing direct product orders. B) advertising that targets a specific audience and allows the consumer to follow up directly by placing direct product orders usually through television or radio. C) advertising targeted at specific consumers. D) advertising intended to reach as many consumers as possible.