A fractional reserve banking system is one in which banks hold less than 100 percent of ________ as reserves
A) shareholder equity B) securities C) deposits D) loans
C
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Other things constant, which of the following would tend to increase the demand for Toyota autos?
A) A fall in the price of Toyotas B) A fall in the price of Chryslers (a substitute for Toyotas) C) A rise in income, if Toyotas are a normal good D) A rise in income, if Toyotas are an inferior good
When considering setting the transfer price at the market price of a product similar to the intermediate good that is already available on the market
a. It is appropriate to ignore that the market price includes a margin above marginal cost b. Consider whether the product on the market includes costly features your downstream division does not use c. It is OK if the product on the market is inexpensive because its quality is lower than you use d. If it is similar enough, it is justification for you producing it in-house
Which of the following events would decrease producer surplus?
a. Sellers' costs stay the same and the price of the good increases. b. Sellers' costs increase and the price of the good stays the same. c. Sellers' costs decrease and the price of the good increases. d. All of the above are correct.
Stewart is a lobsterman. His traps are
a. private goods and the lobster he catches are common resources. b. private goods and the lobster he catches are public goods. c. rival in consumption and the lobster he catches are not rival in consumption. d. not rival in consumption and the lobster he catches are not rival in consumption.