The above table gives the initial balance sheet for Mega Bank. Mega Bank's desired reserves equal its required reserves. Based on the initial balance sheet, what is the required reserve ratio for Mega Bank?
A) 3 percent
B) 10 percent
C) 30 percent
D) 1.4 percent
A
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"Any social planner who implements efficient outcomes will produce the same output in a given market as the competitive market would." In addition to the conditions of the first welfare theorem, which of the following have to hold in order for the statement in quotes to be true?
A. Consumer tastes are quasilinear. B. Consumer tastes are homothetic. C. Production frontiers are homothetic. D. Both (a) and (c). E. Both (b) and (c). F. None of the above.
The payment received by suppliers of entrepreneurial skills is called interest
Indicate whether the statement is true or false
The inefficiency in a monopolistic competitive firm is accepted because of which of the following?
a. There is nothing that can be done to avoid the deadweight loss. b. The government creates the differentiation. c. Consumers like the variety differentiation produces. d. Consumers do not like the variety differentiation produces.
Frequently, developing countries compete for foreign investment to be located in their countries. Which of the following are not something a developing country would likely offer?
A. A guaranteed low cost labor force B. The required infrastructure C. High environmental regulations D. Tax rebates or tax exemptions