The moment modern banking was born was when
A. the number of goldsmiths' receipts exceeded the number of gold coins kept in goldsmiths' safes.
B. the number of gold coins kept in goldsmiths' safes was equal to the number of goldsmiths' receipts in circulation.
C. the number of gold coins in goldsmiths' safes exceeded the number of goldsmiths' receipts in circulation.
A. the number of goldsmiths' receipts exceeded the number of gold coins kept in goldsmiths' safes.
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In the figure above, a price of $15 per dozen roses results in
A) a shortage. B) a surplus. C) equilibrium. D) downward pressure on the price of roses. E) an eventual leftward shift of the demand curve and/or rightward shift of the supply curve.
The real interest rate has a positive relationship with the supply of loanable funds
Indicate whether the statement is true or false
If a country's saving rises, then either its investment or its net capital outflow rises (or both)
a. True b. False Indicate whether the statement is true or false
Answer the next question(s) based on the following information for Manfred's Shoe Shine Parlor.Units of LaborTotal ProductMarginal ProductTotal Revenue00 11414$422 10 330 90435 539 1176 1267442132Assume Manfred hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. If the wage rate is $11, how many workers will Manfred hire to maximize profits?
A. 1 B. 2 C. 3 D. 5