What is the range of the required reserve ratio?
a. Between 0 and 2
b. Between 0 and 1
c. Between 0 and 100
d. Between 0 and infinity
e. Between 0 and 10
B
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Total wealth is a ____ concept; total income is a ____ concept.
a. stock; flow. b. stock; stock. c. flow; stock. d. flow; flow.
In general, a country that adheres to the rule of law has
A) a higher level of real GDP per capita. B) a lower level of real GDP per capita. C) no relationship to the level of real GDP per capita. D) an inverse relationship to the level of real GDP per capita.
A surplus of a good could possibly be eliminated by:
A. a sufficient increase in supply keeping price constant. B. the removal of a price floor. C. the removal of a price ceiling. D. a sufficient decrease in demand keeping price constant.
The higher are a firm's risk-corrected returns
A. the more difficulty it will have financing its expansion plans. B. the higher are its opportunity costs. C. the more advantage it has in obtaining investor financing. D. the lower are its labor costs.