To develop a useful picture of a firm's behavior, economists assume that the
a. firm's goal is to maximize total revenue
b. firm's goal is to maximize profit
c. firm's goal is to minimize marginal cost
d. roles of owner, manager and worker are performed by the same individuals
e. roles of owner, manager and worker are interchangeable
B
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How much additional money will be created if you deposit a $200 check into your bank, which holds a 10% reserve ratio?
A. $200 will be created since your checking account balance has increased by $200 B. $180 since the bank will keep 10% of your $200 check in reserves and lend the other 90% C. $2,000 since the money multiplier will be equal to 10 and reserves have increased by $200 D. No money will be created since the $200 check does not represent an increase in reserves
Why do mortgage companies begin to require larger down payments from their borrowers when housing prices begin to fall?
What will be an ideal response?