If banks faced a 100 percent reserve requirement, a $10,000 addition to banking reserves would increase the money supply by:

A landfill site produces an obnoxious odor. Homes downwind of the site rent for $1000 per month while homes upwind of the site rent for $1500 per month

If the odor is the only detectable difference between two neighborhoods, the difference in the rent is the ________ of the odor. A) social cost B) external cost C) private cost D) marginal cost-benefit E) private benefit

Pension fund growth has been spurred by the recent development of "defined __________ plans," such as the __________ plan

A) benefit; 401(k) B) benefit; Keogh C) contribution; 401(k) D) contribution; Keogh

According to the text, which of the following developments have taken place in the American steel industry during the past 40 years?

a. The percentage of steel produced in vertically integrated steel plants has increased. b. The percentage of steel produced in vertically integrated steel plants has decreased. c. More steel makers have integrated vertically into coal mining. d. More steel makers have integrated vertically into iron ore mining.

What country has not experienced growth even though running trade surpluses?

a. China b. The United States c. Singapore d. Japan