A bank's required reserves are the fraction of deposits they are required by law to hold as reserves.
Answer the following statement true (T) or false (F)
True
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A perfectly competitive firm in a competitive labor market will hire more labor whenever
A) its average revenue product of labor exceeds the wage rate. B) the wage rate exceeds its average revenue product of labor. C) its value of marginal product of labor exceeds the wage rate. D) the wage rate exceeds its value of marginal product of labor.
Consider the production possibilities frontier displayed in the figure shown. The opportunity cost of one watermelon is:
A. 10 bushels of apples.
B. 20 bushels of apples.
C. 30 bushels of apples.
D. 40 bushels of apples.
Free trade
What will be an ideal response?
An international organization formed with the aim of promoting world economic growth through financial stability is called
A) the International Finance Corporation. B) the International Monetary Fund (IMF). C) the International Development Association. D) the World Bank.