Which of the following is a positive statement?
a. Heavy snowfall drives up the demand for heaters.
b. Fiscal expenditures should be increased to combat recession.
c. Government should encourage foreign direct investments to generate employment.
d. Organs trade should be banned across nations.
A
Economics
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Oligopolists are more sensitive to the pricing and output policies of their rivals when
a. all firms produce identical products b. their products are highly differentiated c. there is freedom of entry and exit d. there are barriers to entry e. there are many firms in the industry
Economics
A commercial bank has required reserves of $60 million and the reserve ratio is 20%. How much are the commercial bank's checkable-deposit liabilities?
A. $1,200 million B. $120 million C. $300 million D. $900 million
Economics