If the Fed buys $100,000 in U.S. government securities from a commercial bank, the bank now has an additional $100,000 of
A) total assets.
B) excess reserves.
C) actual reserves.
D) net worth.
C
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The "no shirking constraint" (NSC) curve never crosses the supply of labor curve, so
A) the market never reaches equilibrium. B) there is always full employment in equilibrium. C) there is always some unemployment in equilibrium. D) the efficiency wage is always lower than the market-clearing wage. E) the gap between the NSC curve and the supply of labor curve equals the difference between the efficiency wage and the market-clearing wage.
Horizontal and vertical equity are the two primary measures of efficiency of a tax system
a. True b. False Indicate whether the statement is true or false
Briefly explain the Heckscher-Olin (H-O) Theory.
What will be an ideal response?
If a country has a trade deficit of $50 billion, which of the following can be true?
A. The country's exports are $110 billion, and its imports are $160 billion. B. The country's exports are $150 billion, and its imports are $100 billion. C. The country's exports are $150 billion, and its imports are $60 billion. D. The country's exports are $100 billion, and its imports are $50 billion.