Narnia National Bank has $750 million in deposits. The required reserve ratio is 30%. Narnia National Bank must keep ________ in reserves.
A. $125 million
B. $150 million
C. $225 million
D. $250 million
Answer: C
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Based on the figure above, the firm's marginal product curve slopes upward at levels of output between ________ and the firm's average product curve slopes upward at levels of output between ________
A) 4.0 and 7.0; 4.0 and 7.0 B) 0 and 7.0; 4.0 and 7.0 C) 4.0 and 7.0; 0 and 4.0 D) 0 and 4.0; 0 and 7.0 E) More information is needed to answer the question.
Explain why having different marginal rates of substitution is necessary for trade to occur
What will be an ideal response?
The case for government stabilization policy is made more compelling if the
A. self-correcting mechanism works very slowly. B. self-correcting mechanism works too fast. C. value of the multiplier is very small. D. aggregate supply curve is very flat.
Refer to the below table for a profit-maximizing firm. The price of the firm's product is $10 per unit and the wage rate is a constant $110 a day. How many workers will the firm hire, assuming purely competitive product and resource markets?
A. 4
B. 5
C. 6
D. 7