Which of the following statements is (are) correct? During the existence of the Euro (1999-),
a. borrowing from abroad financed large excesses of merchandise imports over exports in the U.S.
b. the United States has continued to be the world's largest debtor nation.
c. the dollar initially appreciated but then depreciated strongly since 2001 against the euro.
d. All of the above
B
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Use the following reserve-requirements table to answer the next question.Type of DepositReserve RequirementCheckable deposits $7.8 - $48.3 million3%Over $48.3 million10Noncheckable personal savings and time deposits0If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are
A. $1.8 million. B. $1.2 million. C. $3 million. D. $30 million.
Which of the following has the highest Herfindahl-Hirschman index?
A) monopoly B) monopolistic competition C) oligopoly D) any of the above, depending on the size of firm sales
Judy Carl has been eyeing for weeks a Prada handbag (made in Milan, Italy) in the store window at Neiman-Marcus. She is willing to pay $250 for it (a birthday gift for herself, she rationalizes) if the price ever came down to that. Well, she is in luck! It goes on sale for $200, down from $325 . She rushes in to make the purchase. She not only gets the handbag, but also a consumer surplus of
a. $125 b. $50 c. $200 d. $75 e. $375
What flows to firms in a product market?
a. payments for goods and services b. goods and services c. payments for rent and wages d. technology and machinery