The city in which a new casino is likely to have the greatest economic impact would be
A. Las Vegas (where many already exist).
B. Denton, TX (north of Dallas, where no casinos already exist).
C. Kansas City (where two already exist).
D. St. Louis (where three already exist).
Answer: B
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Primary reserves and secondary reserves
A. are identical. B. are nearly identical. C. have some overlap. D. have completely different components.
Suppose a government that taxed all interest income changed its tax law so that the first $5,000 of a taxpayer's interest income was tax free. This would shift the
a. supply of loanable funds to the right, causing interest rates to fall. b. supply of loanable funds to the left, causing interest rates to rise. c. demand for loanable funds to the right, causing interest rates to rise. d. demand for loanable funds to the left, causing interest rates to fall.
A downward-sloping line that makes a 45-degree angle with the horizontal and vertical axes has a slope of:
A. infinity. B. zero. C. 1. D. -1.
Which statement is not consistent with the law of supply?
A. More of a good will be supplied, the higher the price, other things constant. B. Quantity supplied of a good is inversely related to the good's price. C. Quantity supplied of a good is directly related to the good's price. D. Less of a good will be supplied, the lower the price, other things constant.