In a system of 100-percent-reserve banking, the purpose of a bank is to
a. make loans to households.
b. influence the money supply.
c. give depositors a safe place to keep their money.
d. buy and sell gold.
c
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The term quantity supplied refers to the quantities of a good that sellers are willing and able to sell at all prices
a. True b. False Indicate whether the statement is true or false
The demands for labor and other input factors are called
A. derived demands, because the demand for these inputs depends on the demand for goods and services they are employed to produce. B. indirect demands, because the demand for these inputs is indirectly related to the costs of advertising products. C. developed demands, because the demand for these inputs is developed from an analysis of the costs of advertising products. D. reverse demands, because the demand for these inputs varies inversely with the demand for goods and services they are employed to produce.
A $10,000 8 percent coupon bond that sells for $10,000 has a yield to maturity of
A) 8 percent. B) 10 percent. C) 12 percent. D) 14 percent.
The table in the above figure shows the levels of output resulting from different levels of inputs. At which level of input are there constant returns to scale?
A) 400-600 units B) Constant returns to scale exist throughout all levels of production. C) Constant returns to scale do not exist at any level of production. D) No firm conclusions can be drawn.