A bank has $50,000 in excess reserves and the required reserve ratio is 10 percent. This means the bank could have __________ in checkable deposit liabilities and __________ in (total) reserves
A) $500,000; $90,000
B) $100,000; $20,000
C) $50,000; $25,000
D) $250,000; $75,000
D
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Which of the following countries had the highest GDP per capita in 2014?
A) Norway B) United States C) Japan D) Qatar
If Q = K1/2L1/2 the MPK is
a. constant b. diminishing c. increasing
________ efficiency occurs when the firm produces a rate of output at which marginal cost equals the marginal benefit that consumers derive from the good. ________ efficiency occurs when the firm produces at the minimum point on its long-run average-cost curve
a. Social; allocative b. Productive; accounting c. Allocative; productive d. Economic; allocative
Incomes for adults vary widely across race and gender in the United States. These differences could be due to:
A. discrimination. B. choice of occupation. C. education. D. All of these can explain the differences.