A market in which orders exist in large volume is said to have
A) depth.
B) breadth.
C) resiliency.
D) efficiency.
B
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When economists say that the supply for a product has decreased, they mean that the
A. product has become more expensive and thus consumers are buying less of it. B. supply curve has shifted to the left. C. product has become particularly abundant for some reason. D. supply curve has shifted to the right.
A bank reports reserves of $100,000, government securities of $50,000, loans of $750,000, and checkable deposits of $900,000. The desired reserve ratio is 10 percent. What is the amount of excess reserves for this bank? Show your work
What will be an ideal response?
If real GDP per capita in the United States is $8,000, what will real GDP per capita in the United States be after 5 years if real GDP per capita grows at an annual rate of 3.2%?
A) $8,520 B) $9,280 C) $9,365 D) $10,560
The gross public debt is the
A. total of all accumulated deficits and surpluses. B. amount of U.S. paper currency and coins in circulation. C. difference between current government expenditures and tax revenues. D. ratio of past deficits to past surpluses.