A British importer buying American wheat would pay for his purchases in __________.
Fill in the blank(s) with the appropriate word(s).
dollars
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In the long run, a firm can vary
A) its capital but not its labor. B) its labor but not its capital. C) both its labor and its capital. D) neither its labor nor its capital.
What are sticky wages?
a. Wages that employers will not increase b. Wages that respond to changes in demand c. Wages that do not respond to changes in demand d. Wages that do not respond to changes in supply
Exhibit 4-3 Supply and demand curves
In Exhibit 4-3, which of the following might cause a shift from S2 to S1?
A. A decrease in input prices. B. An improvement in technology. C. An increase in input prices. D. An increase in consumer income.
Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.AssetsLiabilities & Net WorthReserves$27,000 Checkable Deposits$110,000Loans50,000 Stock Shares200,000Securities33,000 Property200,000?Refer to the above data. This commercial bank has excess reserves of:
A. $3,000. B. $0 C. $5,000. D. $12,000.