Describe the extensive "safety net" that has been set up in the United States in order to reduce the risk of bank failure
What will be an ideal response?
(1 ) Deposit insurance
(2 ) Reserve requirements
(3 ) Capital requirements and asset restrictions
(4 ) Bank examination
(5 ) Lender of last resort facilities
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Which of the following will cause a movement along the supply curve for oil?
A) new technology to drill oil underwater in the Gulf of Mexico B) a change in the price of oil C) an increase in the number of oil-producing firms D) government subsidies to oil producers in Wyoming
When does the marginal rate of substitution (MRS) in an indifference curve equal the ratio of marginal utilities in marginal-utility analysis? Explain
Please provide the best answer for the statement.
When the supply curve of a resource is vertical, then the return to the resource owner is
A) zero. B) partly economic rent and partly opportunity costs. C) partly economic rent and partly profits. D) pure economic rent.
Since the War on Poverty was started in 1965, the United States has spent more than $12 trillion on income maintenance programs. The effect has been to
A) reduce poverty levels substantially. B) reduce poverty levels moderately. C) have virtually no effect on poverty levels. D) increase poverty substantially.