If the RGDP is high, which of the following examples would most likely happen?
a. Giulla keeps no more than $20 of cash in her wallet for emergency situations.
b. Viola keeps $20,000 in her checking account and $2,000 in a CD.
c. Gabriel has 80 percent of his money in CDs.
d. Giovanni has $70,000 in an high interest savings account and $10,000 in a checking account.
b. Viola keeps $20,000 in her checking account and $2,000 in a CD.
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Use the figure below to answer the following question.
At equilibrium, economic surplus is
A. 200. B. 350. C. 150. D. 700.
When there are external economies of scale, an increase in the size of the market will
A) increase the number of firms and lower the price per unit. B) increase the number of firms and raise the price per unit. C) decrease the number of firms and raise the price per unit. D) decrease the number of firms and lower the price per unit. E) not affect the number of firms, but will lower the price per unit.
Refer to the figure above. Quota rents equal
A) $2000. B) $5000. C) $6000. D) $10000.
Chapter 16 on "Financial System Design" calls the asymmetric information problem discussed in earlier chapters the __________ conflict
A) manager-stockholder B) stockholder-lender C) manager-lender D) profit-risk