Fractional reserve banking has three crucial features: bank profitability, bank discretion over the money supply, and bank exposure to runs.
Answer the following statement true (T) or false (F)
True
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Rawls argued that agreement on certain rules from behind a "veil of ignorance" would make those rules optimal
a. True b. False
According to The Silent Language written by E. T. Hall, there are three anthropological models of time. Which of the following is not one of them?
a. Procedural-traditional b. Linear-separable c. Circular-traditional d. Spatial-sequential
The introduction of ____ had a long delayed effect on raising productivity growth in the late 1990s.
Fill in the blank(s) with the appropriate word(s).
Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine.
The external benefit of each dose is:
A. $30 B. $20 C. $50 D. $70