The money multiplier:
A. Is equal to the required reserve ratio times transactions deposits.
B. Gets larger as the required reserve ratio increases.
C. Is the reciprocal of the required reserve ratio.
D. Represents the lending capacity of an individual bank.
C. Is the reciprocal of the required reserve ratio.
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Grocery store gas stations often give gas discounts to their customers. What type of price discrimination is this?
A. First-degree price discrimination. B. Second-degree price discrimination. C. Third-degree price discrimination. D. It is not price discrimination.
In 1935, the U.S. Patent and Trademark Office issued Parker Brothers a trademark on the
use of the name Monopoly for a board game. Hasbro bought Parker Brothers in 1991. Which of the following statements is true regarding the trademark on the name Monopoly for a board game? A) The trademark expired in 1955, 20 years after the trademark was issued to Parker Brothers. B) The original trademark expired well before Hasbro bought Parker Brothers, so they never had a trademark on Monopoly. C) Trademarks never expire, so Hasbro continues to have a trademark on the name Monopoly. D) The trademark expired in 2011, 20 years after Hasbro's purchase of Parker Brothers.
If the demand for a good decreases as income decreases, then the good is a(n):
A. complementary good. B. substitute good. C. inferior good. D. normal good.
To close a recessionary gap using fiscal policy, the government can:
A. increase government spending by the size of the gap. B. decrease government spending by the size of the gap. C. increase government spending by more than the size of the gap. D. increase government spending by less than the size of the gap.