The required-reserve ratio is equal to:
A. A commercial bank's checkable-deposit liabilities divided by its required reserves
B. A commercial bank's required reserves divided by its checkable-deposit liabilities
C. A commercial bank's checkable-deposit liabilities multiplied by its excess reserves
D. A commercial bank's excess reserves divided by its required reserves
B. A commercial bank's required reserves divided by its checkable-deposit liabilities
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The above figure illustrates the marginal social benefit and marginal social cost for chicken sandwiches. If the quantity is decreased from 6 to 3 and the price increases from $3 to $4, consumer surplus will decrease by
A) $1.50. B) $2.00. C) $3.00. D) $4.50.
When private companies offer health insurance to their employees the insurance carrier they contract with typically requires that all employees be obligated to participate and pay premiums whether they wish to or not
What problem is the health insurance company trying to avoid? How does this policy mitigate this problem?
Big Pools is large swimming complex. Suppose adults have a demand for entrance into Big Pools that is less than half of the teenagers demand for entrance and there are an equal number of adults and teenagers. If Big Pools practices two-part pricing, to earn greater profit, Big Pools ________ adjust the membership fee to include ________.
A) should not; adults B) should; adults C) should not; teenagers D) should; all consumers
A cartel is: a. a group of firms that collude to produce a monopoly output
b. a group of firms that collude to produce the market equilibrium output. c. a group of firms that collude to charge the market equilibrium price for their output. d. a group of firms that collude to earn normal profits.