Surplus agricultural labor in a developing nation usually means that there is:
A. A caste system
B. Widespread under-employment
C. Immobility of labor resources
D. Increased investment in agriculture
B. Widespread under-employment
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. An employer that only employs applicants who have college degrees is an example of
A. proofing. B. moral hazard. C. screening. D. mandating that information be shared.
When the Fed raises the margin requirement on stock purchases, the price of stocks generally rises
Indicate whether the statement is true or false
Which of the following is true of a network externality? a. It is the effect that consumers have on other consumers of the same or a compatible product. b. It occurs because producers do not internalize the externality
c. It is a negative spillover effect from a private market transaction. d. It occurs because consumers do not internalize the externality.
Blue Skies Bank has a required reserve ratio of 18 percent. If it receives a deposit of $80,000, it must keep ______ of it in reserve.
a. $4,444 b. $18,000 c. $65,600 d. $14,400