The required reserve ratio is set by the
A) U.S. Congress.
B) President of the United States.
C) Secretary of the Treasury.
D) Federal Reserve.
E) Director of Monetary Affairs.
D
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Country A's GDP per capita in the beginning of 2005 was $22,150. In the beginning of 2006, it increased to $27,600. Calculate country A's growth rate of GDP per capita between 2005 and 2006
What will be an ideal response?
Public goods are
A) under provided by the private market because the marginal cost of production is too high. B) under provided by the private market because the marginal benefits of consumption are too low. C) under provided by the private market because people's willingness to pay for the good is less than the marginal benefit of the good. D) over provided by the private market because the marginal benefits of consumption are too high.
In 1997 the Federal Trade Commission was granted a preliminary injunction on a proposed merger between Staples and Office Depot
The FTC was able to convince the federal district court that allowing the merger would create the potential for anticompetitive prices since it would give the newly merged company a 75% market share and would only leave Office Max as the remaining office supply superstore. Critically evaluate the FTC's use of "office supply superstores" as the relevant market.
Both the value of hamburgers sold by a restaurant and the value of the beef it used to make these hamburgers are included in GDP
a. True b. False Indicate whether the statement is true or false