Checkable deposits include:
A. both large and small-denominated time deposits.
B. the deposits of banks and thrifts on which checks can be written.
C. only the checkable deposits of commercial banks.
D. only the checkable deposits of thrift institutions.
B. the deposits of banks and thrifts on which checks can be written.
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Refer to Figure 9.9. At free trade, domestic producer surplus would be
A) $2,500. B) $50,000. C) $1,250,000. D) $2,500,000. E) $20,000,000.
Suppose Thelma and Louise both sell fried green tomatoes in a competitive price-taker market. If Louise increases her output,
a. Thelma must reduce output b. the price Thelma can charge falls c. the price Thelma can charge rises d. the price Thelma can charge is unaffected e. Thelma's profits must fall
The relative cost of achieving a fixed standard of living in different situations is called:
A. a cost of living index. B. compensating variation. C. real income. D. consumer surplus.
If entry barriers into a monopolized market are kept low,
A. Government failure exists. B. A market is contestable. C. Market power increases. D. A duopoly will be created.