A decrease in equilibrium price and an increase in equilibrium quantity could be brought about by a(n)
a. increase in demand
b. decrease in demand
c. increase in resource prices
d. improvement in production technology
e. favorable shift in tastes and preferences
D
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Suppose Acme County Bank and Trust has $1 million in total deposits and the required reserve ratio is 8%. How many dollars must the bank keep in its vaults or on deposit at a Federal Reserve Bank?
A) 0 B) $80,000 C) $920,000 D) $1,000,000 E) None of the above—it's the bank's own choice.
Unlike the Federal Reserve Bank of today, the First and Second Banks
(a) could create corporations by special franchise. (b) were generally supported by the rest of the banking community. (c) were direct competitors with private business. (d) provided a federal safety fund in times of well banking crisis.
The primary source of revenue at the federal level is:
a. the corporate income tax. b. the personal income tax. c. property taxes. d. sales taxes. e. customs duties.
Within a game theory model, if a change in decision-making raises corporation A's profits by $2 million and lowers corporation B's profits by $2 million, the game is a
A) negative-sum game. B) zero-sum game. C) positive-sum game. D) cooperative game.