In September 2008, Regions Bank has $89 million in M1 deposits, $3 million in reserves and $81 million in loans. Regions Bank's desired reserve ratio is
A) 3.4 percent.
B) 3.7 percent.
C) 91 percent.
D) 29.67 percent.
A
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The table above shows data reported by the Office for National Statistics for the United Kingdom in September 2000. In September 2000, the unemployment rate is
A) 5.5 percent. B) 1,619 thousand. C) 3.5 percent. D) 3.7 percent. E) 5.8 percent.
How do the price and quantity of a monopoly compare to that of a perfectly competitive industry?
What will be an ideal response?
In the short run in perfect competition,
a. each firm can sell whatever quantity it wishes to sell at the market price b. the market demand curve cannot shift c. new firms will enter the market if existing firms are earning economic profits d. new firms will enter the market if existing firms are earning normal profits e. existing firms will exit the market if they are suffering losses
Refer to the information provided in Figure 4.1 below to answer the question(s) that follow.
Figure 4.1Refer to Figure 4.1. Assume that initially there is free trade. If the United States then imposes a 10-cent tax per apple,
A. U.S. imports of apples will increase by 6 million per day. B. the quantity of apples demanded will be reduced by 4 million apples per day. C. the price of apples in the United States will increase to 40 cents per apple. D. the quantity of apples supplied by U.S. firms will increase by 6 million apples per day.