The banks basic reserve ratio on checking deposits over $55.2 million is now
A. 16%.
B. 14%.
C. 12%.
D. 10%.
D. 10%.
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Slower growth in labor demand in combination with increases in labor supply explains ________ accompanied by ________.
A. a slowdown in real wage growth; increasing wage inequality B. a slowdown in real wage growth; a decline in employment C. accelerated real wage growth; a decline in employment D. a slowdown in real wage growth; rapid employment growth
When the price of going to a movie rises 5 percent, the quantity of DVDs demanded increases 10 percent. The cross elasticity of demand equals
A) 10.0. B) 0.50. C) -0.50. D) -2.0. E) 2.0.
Ashton has the utility of wealth curve shown in the above figure. Ashton owns a sports car worth $30,000, and that is his only wealth. Ashton is a careless driver and there is a 30 percent chance that he will have an accident within a year
If he does have an accident, his car is worthless. Suppose all sports cars owners are like Ashton. An insurance company agrees to pay each person who has an accident the full value of their car. The company's operating expenses are $1,000. What is the minimum insurance premium that the company is willing to accept? A) $3,000 per year B) $6,000 per year C) $10,000 per year D) $15,000 per year
Why do we have to pay a price for most of the goods we consume?
What will be an ideal response?