Refer to Figure 5-13. The actual price of gasoline paid by consumers after the tax is implemented is ________ per gallon
A) $3.00 B) $3.75 C) $4.25 D) $5.00
D
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Which of the following would a bank NOT hold as insurance against the highest cost of deposit outflow-bank failure?
A) excess reserves B) secondary reserves C) bank capital D) mortgages
A business that is jointly owned by two or more people is called a:
a. partnership b. nonprofit c. nonprofit d. sole proprietorship
Exhibit 7-9 Cost schedule for firm X OutputQuantity Total FixedCost Total VariableCost 0 $100 $ 0 1 100 50 2 100 84 3 100 108 4 100 127 5 100 150 As shown in Exhibit 7-9, the total cost of producing 4 units is:
A. zero. B. $227. C. $250. D. $100.
If the nominal interest rate 8% and expected inflation 3%, the expected real interest rate in year t is approximately
A) 2%. B) 3%. C) 5%. D) 8%. E) 11%.