In a deposit-refund system,
a. the refund component rewards potential polluters for proper disposal or recycling activity
b. the deposit should be set equal to the MSC of illegal waste disposal to achieve efficiency
c. monitoring and enforcement costs are higher than if a pollution charge were used
d. actual polluters are not penalized for actions that harm the environment
a. the refund component rewards potential polluters for proper disposal or recycling activity
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The "Four Freedoms" do NOT include the right to
A) vote in local elections. B) migrate within the EU. C) write insurance policies throughout the EU. D) open bank accounts anywhere in the EU. E) move goods from one country to another inside the EU.
The simultaneous export and import of airplanes by the United States is an example of
A) increasing returns to scale. B) imperfect competition. C) intraindustry trade. D) interindustry trade.
The Economic Freedom of the World measure indicates that the United States
a. was the freest economy in the world in 2010. b. has experienced a decline in economic freedom since 2000. c. has experienced an increase in economic freedom since 2000. d. continues to be substantially more free than Australia, Canada, and Chile.
Answer the next question on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All figures are in billions.AssetsLiabilities & Net WorthReserves$51 Checkable Deposits$140Loans109 Stock Shares130Securities100 Property10?Refer to the above data. The maximum amount by which the commercial banking system can expand the supply of money by lending is:
A. $23.1 billion. B. $27 billion. C. $15 billion. D. $30 billion.