The reserve requirement is 0.20. What is the simple deposit multiplier?
A) 1
B) 5
C) 0.10
D) 100
B
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Refer to the table above. If Bob earns $105,000 per annum, he has to pay a tax of approximately ________
A) $6,400 B) $12,600 C) $18,675 D) $19,600
A professional tennis player enters fewer tournaments each year as the prize money she won increased. This observation indicates that the tennis player
A) is irrational. B) has shifted her labor demand curve leftward. C) has shifted her labor supply curve rightward. D) has a backward bending labor supply curve.
Refer to Figure 5-16. What is the optimal quantity of street lights to install?
A) 3 B) 4 C) 6 D) 9
You borrow $10,000 at an interest rate of 5% to open Movies Galore, a DVD rental store. You will earn an economic loss if
A. the return on your investment is less than 5%. B. the return on your investment is exactly 5%. C. the return on your investment is greater than 5%. D. indeterminate from given information.