The open lands in the early West were overgrazed largely because no one owned the land being used for grazing.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Black markets are frequent occurrence in markets with price ceilings.
Answer the following statement true (T) or false (F)
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be an ongoing expense of the business?
A. The cost of the truck B. The cost of the gasoline used C. The cost of ice cream scoopers D. None of these is an ongoing expense.
When the Fed wants to tighten monetary policy, the staff of the Fed is likely to:
A. purchase U.S. Treasury Securities. B. increase discount loans. C. increases IOER. D. sell U.S. Treasury Securities.
Suppose that the Fed undertakes an open market purchase of $5 million worth of securities from a bank. If the required reserve ratio is 12%, what is the resulting change in checkable deposits (or the money supply), assuming that there are no cash leakages and that banks hold zero excess reserves?
A) $4.17 million B) $7.95 million C) $5.68 million D) $41.67 million