Currently, which of the following countries have not ratified the Kyoto Protocol?
a. United States
b. China
c. Russia
d. all of the above
e. (a) and (b) only
e. (a) and (b) only
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Specialty chocolate bars with a high cocoa content have been drawing a lot of attention in gourmet circles in 2008 but the price of cocoa beans has increased more than 44 percent in this time period
In response to the increase in the price of cocoa beans, Rogue Chocolatier has increased the price of their gourmet chocolate bars by 20 percent. Rogue observes the quantity of their bars sold decreased by 15 percent. Based on this news clip, what does the price elasticity of demand for gourmet chocolate bars equal? A) 0.75 B) 1.25 C) 1 D) 0.66
A bank receives a demand deposit of $3,000 . The bank loans out $1,800 of this deposit and increases its excess reserves by $300 . What is the required reserve ratio?
a. 10% b. 30% c. 40% d. 60%
If the reserve ratio is raised, the money multiplier
A. stays the same. B. is doubled. C. is increased. D. is lowered.
Firms use the discount rate to
A. compute present value. B. account for loss inventory. C. calculate profit margins. D. repatriate parent companies.