In a simplified system, a bank receiving a new deposit can extend new loans equal to the amount by which its excess reserves increase
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is the most likely to be a variable factor of production at a university?
A. The size of the student union. B. The size of the football stadium. C. The location of the university. D. The number of librarians.
An economy with both a private and public sector is called:
A) a mixed economy. B) a private economy. C) a command economy. D) none of the above.
Figure 10-7
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Which of the diagrams in Figure 10-7 represents a period of economic growth and inflation?
A. (A) B. (B) C. (C) D. (D)
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. If this farmer produces the profit-maximizing quantity when the market price is ________, her profit is $0.
A. $24 B. $20 C. $18 D. $4