Allowing bank branching across state lines gives banks greater ability to coordinate bank operations. This makes it easier for them to receive the benefits of
A) the dual banking system.
B) economies of scale.
C) disintermediation.
D) interest-rate irregularities.
B
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The text shows that income elasticity for books is 1.44 . This means that
a. books are income inelastic b. books are price inelastic c. there's a 144 percent increase in book sales when income rises 10 percent d. there's a 44 percent increase in book sales when income rises 10 percent e. there's a 1.44 percent increase in book sales when income rises 1 percent
Two countries can achieve gains from trade even if one country has an absolute advantage in the production of both goods
a. True b. False Indicate whether the statement is true or false
Assume the economy is at point D. If RGDP demanded decreased to $15 trillion, how would AD2 shift?
a. It would shift to the right of AD2.
b. It would shift to the left of AD2 but remain to the right of AD1.
c. It would shift to the left of AD1.
d. It would not change.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.