A natural monopoly has
A. many producers of the same product.
B. easy access to the market.
C. a single firm providing the industry's output.
D. one buyer of output.
C. a single firm providing the industry's output.
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Assume the reserve requirement is 10 percent. First National Bank has vault cash and deposits with the Fed of $30 million, loans and securities of $60 million, and checking deposits of $300 million. First National is in a position to make
a. no additional loans. b. $5 million of additional loans. c. $10 million of additional loans. d. $15 million of additional loans.
A share of stock is
A) a claim on the assets of the corporation that gives the purchaser an ownership right in the corporation. B) the share of profits distributed to stockholders. C) a promise to pay for the use of someone else's money. D) a promise to loan money to someone. E) a and b
Amy can produce either 5,000 pounds of cheese or 20 cars per year. Mike can produce either 5,000 pounds of cheese or 10 cars per year. Amy has a comparative advantage in producing ________, and Mike has a comparative advantage in producing ________.
A. cheese; cheese B. cars; cars C. cheese; cars D. cars; cheese
An economy has government purchases of 2000. Desired national saving and desired investment are given by Sd = 200 + 5000r + 0.10Y - 0.20G Id = 1000 - 4000rWhen the full-employment level of output equals 5000, then the level of investment when the goods market is in equilibrium will be
A. 422.4. B. 600.0. C. 66.8. D. 688.9.