Refer to Table 20-17. Looking at the table above, real average hourly earnings in 2015 were
A) $3.67. B) $5.63. C) $10.24. D) $11.37.
B
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Assume we have a simplified banking system in balance-sheet equilibrium. Also assume that all banks are subject to a uniform 10 percent reserve requirement and demand deposits are the only form of money. A commercial bank receiving a new demand deposit of $100 would be able to extend new loans in the amount of:
a. $10 b. $90. c. $100 d. $1,000.
Joanne can choose to selectively disclose information to her superiors in an attempt to elicit decisions in her favor if:
a. the information is easily available to all. b. she is the only source of the information concerned. c. the information is easily verifiable. d. there are other sources of the same information in the firm.
In which of the following cases would it necessarily be true that national saving and private saving are equal for a closed economy?
a. Private saving is equal to government expenditures. b. Public saving is equal to investment. c. After paying their taxes and paying for their consumption, households have nothing left. d. The government's tax revenue is equal to its expenditures.
An effluent fee
A. is a reward to companies using production methods that create positive externalities. B. is intended to influence the market by increasing supply and decreasing price. C. is also called a pollution subsidy. D. gives a firm the right to pollute if it pays a tax on what it discharges.