Refer to the information. The $40 billion deposit of new currency will support total checkable deposits of:
Answer the question on the basis of the following information about a banking system: new
currency deposited in the system = $40 billion; legal reserve ratio = 0.20; excess reserves
prior to the currency deposit = $0.
A. $160 billion.
B. $200 billion.
C. $40 billion.
D. $128 billion.
B. $200 billion.
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If whooping cranes generate benefits to some members of society by merely their continued existence, then economic markets will consider this in arriving at a level of their provision "as if by an invisible hand."
Indicate whether the statement is true or false
When a firm is making a profit-maximizing production decision, which of the following principles of economics is likely to be most important to the firm's decision?
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Most countries use production methods designed to ______ their scarce resources.
a. exhaust b. conserve c. use more of d. rely completely on
Which of the following is not a basic characteristic of monopolistic competition?
A. The use of trademarks and brand names. B. Recognized mutual interdependence. C. Product differentiation. D. A relatively large number of sellers.