Depository institutions undertake all the following activities EXCEPT they do not ________
A) print money
B) minimize the cost of monitoring borrowers
C) pool risk
D) create liquidity
A
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The figure above shows the market for polio vaccination in Africa
a) If the market is competitive and left unregulated, how many doses of vaccine will be administered? b) If the Melinda and Bill Gates Foundation underwrites the cost of the vaccine by paying for a large fraction of the preparation and delivery cost, what will happen to the number of doses administered? Why?
Use the following statements to answer this question:
I. If the extent of a market is broader, it is less likely that firms in the market can influence the market price. II. In determining whether two different products belong to the same market, it is necessary to know whether the two products can be used as substitutes for each other. A) I and II are both false. B) I is false, and II is true. C) I is true, and II is false. D) I and II are both true.
Consider a town with three residents. The residents' demand curves for various acres of a public park are shown below.
Suppose the town can purchase land for the park at a cost of $20 per acre. The optimal park size would be ________ acres.
A. 4 B. 8 C. 6 D. 2
Refer to the graph shown. Within which section(s) of the production function is marginal product increasing?
A. A B. B C. C D. A and B