China combined economic growth with:
a. low savings rates
b. large increases in income inequality
c. slow growth of agriculture
d. more rapid growth of the state sector
e. none of the above
B
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Rate of return regulation will
a. always result in the firm producing the quantity that would be produced if the market were competitive. b. always result in the firm producing less than the quantity that would be produced if the market were competitive. c. always result in the firm producing more than the quantity that would be produced in a competitive industry. d. result in a new equilibrium with either more or loss produced in comparison to a competitive market.
Which organization functions as a lender of last resort for national governments?
A) the International Monetary Fund B) the World Bank C) the Federal Reserve Bank D) the U.S. Treasury
If net external wealth increases for firms, it could ____ their ability to borrow and expand.
A) cut off completely B) increase C) decrease D) have no effect
Suppose the required reserve ratio is 0.20. Total bank deposits are $200 million and the bank holds $50 million in reserves. How much more money could the bank create if it does not hold excess reserves?
A. $25 million B. $50 million C. $5 million D. $30 million