Bank panics have largely disappeared in the United States because
A) banks are now required to hold a larger fraction of deposits as reserves.
B) bank loans are more closely monitored by the Federal Reserve.
C) of low interest rates.
D) of deposit insurance.
Answer: D
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If a firm’s marginal physical product is 5, and it sells its product for $60, and a unit of labor costs $200, the firm should
A. increase the use of labor. B. decrease the use of labor. C. decrease the price of the product. D. reduce output of the product.
Any change that shifts the supply curve outward to the right, and does not affect the demand durve will lower the equilibrium price and raise the equilibrium
a. True b. False Indicate whether the statement is true or false
The factors that contribute to the growth of per capita GDP in an economy include human capital deepening, physical capital deepening, and technological gains
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The Water Quality Act of 1987 embodies revisions to the Clean Water Act of 1977. 2. The Coastal Zone Act Reauthorization Amendments (CZARA) addressthe development of coastal nonpoint pollution control programs. 3. In the wake of the BP Deepwater Horizon oil spill in the Gulf of Mexico, President Obama signed the Oil Pollution Control Act. 4. The Clean Water Act’s zero discharge goal was met in 1985. 5. The Clean Water Act’s no toxics in toxic amounts goal can be justified on economic grounds.