Countries like _________ have no reserve requirements at all
a. England
b. Canada
c. Australia
d. all of the above
e. none of the above.
E
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Which of the following could lead to an increase in worker productivity?
a. A decrease in the physical capital stock b. An increase in the number of workers c. A war that destroys an enormous amount of plant and equipment d. An increase in the physical capital stock e. A decrease in the human capital stock
Which of the following is an assumption made about a competitive labor market?
a. A firm must offer a higher wage rate to attract more labor. b. A firm must offer a lower wage rate to attract more labor. c. A firm cannot influence the market wage rate. d. The labor supply curve facing each firm is inelastic. e. Workers compete for jobs and firms pay a variety of wage rates.
The investment component of GDP refers to financial investment in stocks and bonds
a. True b. False Indicate whether the statement is true or false
A perfectly straight Lorenz curve would mean:
A. perfect inequality, and it does not exist in the real world. B. perfect inequality, and is more common among the developing nations. C. perfect equality, and it does not exist in the real world. D. perfect equality, and is more common among the wealthy, developed nations.