The costs borne by an individual victim of theft can diverge from the social costs if the
A. stolen items were destroyed by the thief.
B. stolen items were priceless.
C. stolen items were recovered for the victim by the police.
D. all of the options are correct.
Answer: C
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The fraction of deposits that banks are required to keep is known as the
A) discount rate. B) required reserve ratio. C) deposit multiplier. D) money multiplier.
If the capital-labor ratio is below the steady-state value, investment is ________ than break even investment, and the capital-labor ratio ________
A) greater; increases B) greater; decreases C) less; increases D) less; decreases
A monopoly:
A. can increase price and increase output at the same time. B. can charge any price it wants and still sell all of its output. C. can sell any output it produces provided it accepts the market price. D. must lower price in order to increase output.
Explain why a domestic bank in the U.S. might create a subsidiary bank in a foreign location like the Cayman Islands.
What will be an ideal response?