King James of England granted the Virginia Company all land "from sea to sea." The Proclamation Line of 1763 supported this grant
Indicate whether the statement is true or false
False
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A monopolist will hire fewer workers than a competitive firm, other things being equal, because
A) the monopolist exploits labor and other types of producers do not. B) the monopolist must take account of the declining product price that must be charged in order to sell more units of the product. C) the monopolist is more efficient. D) diminishing marginal productivity of labor is more severe for a monopolist.
Suppose a bank has $3 million in excess reserves and total reserves of $10 million. A required reserve ratio of 10% is applicable to all deposits at the bank. What is the total amount of deposits at the bank?
a. $70 million b. $300 million c. $40 million d. $10 million e. $30 million
The efficient market hypothesis would lead to the conclusion that
A. people who win big in the stock market are more lucky than smart. B. only the highly skilled investors should put their money into the stock market. C. people who win big in the stock market are usually very good investors. D. markets are not good anticipators of events that affect stock value.
A vertical demand curve results in
A) no change in quantity when the supply curve shifts. B) no change in price when the supply curve shifts. C) no change in the supply curve being possible. D) no change in quantity when the demand curve shifts.