States in the U.S. may mandate minimum wages above the federal level

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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In the market for oranges, availability of substitutes limits a single seller's power over price

Indicate whether the statement is true or false

Economics

Refer to the given balance sheets. If the reserve ratio is 25 percent, the maximum money- creating potential of the commercial banking system is:



A.  $36.
B.  $17.
C.  $48.
D.  $24.

Economics