Because a sufficient number of borrowers cannot be guaranteed, we refer to a potential money multiplier when discussing the banking system
Indicate whether the statement is true or false
T
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Anthropogenic pollutants
a. are absorbed naturally through the assimilative capacity of nature b. are human-induced contaminants, such as fossil fuel combustion c. are of little concern to environmental policy makers d. come from nonartificial processes in nature, such as salt spray from oceans
Use the following graph showing cost curves for a perfectly competitive firm to answer the next question.
What is the lowest price at which the firm will start producing output in the short run?
A. $0.90 B. $1.05 C. $0.60 D. $1.25
The above figure shows a motel engaged in monopolistic competition with other motels. The figure above shows the ________ equilibrium in which the motel is ________
A) short-run; earning an economic profit B) short-run; earning a normal profit C) long-run; earning an economic profit D) long-run; earning a normal profit E) short-run; incurring an economic loss
Quarts of orange juice at a local grocery store are priced at one for $3.00, or two for $5.00 . The marginal cost of buying a second quart of orange juice:
a. equals $2.00. b. equals $2.50. c. equals $3.00. d. equals $5.00.