Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20
B. more than 20
C. fewer than 20
D. exactly 90
Answer: A
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Unemployment insurance contributes to structural unemployment by:
A. allowing unemployed workers to search longer or less intensively for jobs. B. keeping wages above the market-clearing level. C. keeping wages below the market-clearing level. D. forcing unemployed workers to take the first job offered to them.
If the banking system has demand deposits of $100,000, total reserves equal to $15,000, and a required reserve ratio of 10 percent, the banking system can increase the volume of loans by a maximum of
A. $50,000. B. $5,000. C. $85,000. D. $100,000.
If the government passes a law requiring sellers of mopeds to send $200 to the government for every moped they sell, then
a. the supply curve for mopeds shifts downward by $200. b. sellers of mopeds receive $200 less per moped than they were receiving before the tax. c. buyers of mopeds are unaffected by the tax. d. None of the above is correct.
A company issued common stock for cash. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.
A. Operating activities section B. Does not represent a cash flow C. Investing activities section D. Financing activities section