In 1973, mainstream sources predicted that the world would run out of oil in
A) 20 years.
B) 40 years.
C) 100 years.
D) Mainstream sources in 1973 predicted the world would never run out of oil.
B
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In the economy of Briskland, the commercial banks have deposits of $500 billion. Their reserves are $50 billion, 80 percent of which is in deposits with the Central Bank
There is $20 billion in Central Bank notes outside the banks, and there are no coins. a) What is the monetary base? b) If all the deposits are money, what is the total quantity of money? c) What is the banks' reserve ratio? d) What is the currency drain as a percentage of the quantity of deposits?
Independent firms that together can exploit economies of scale are referred to as a
A) T-form of organization. B) M-form of organization. C) network. D) weak alliance (the matrix).
In a past fare war, U.S. Air reduced the price of its Charlotte, North Carolina, to New York City round-trip fare from $198 to $138 to match American Airlines. U.S. Air did so reluctantly, saying it would cost the company millions of dollars in revenue
American, on the other hand, believed the fare cut would increase its revenue. What different assumptions about the underlying price elasticity of demand did each airline believe true?
Assume that there are only two countries in the world, the United States and Japan. What creates the demand for and supply of Japanese yen on the foreign exchange market? Name three different things that could cause the yen to appreciate in value