What is the fundamental argument in Malthus' An Essay on the Principle of Population?
A. Ultimately, population growth rate would outpace growth in real GDP leading to declining standards of living.
B. Population growth tends to undermine global stability which is a stimulus for future wars and conflicts.
C. Population would increase at a geometric rate and the food supply at an arithmetic rate and that this disharmony would lead to forced return to subsistence-level conditions.
D. Population growth is the root cause of hunger, poverty, environmental destruction, disease, and social unrest.
Ans: C. Population would increase at a geometric rate and the food supply at an arithmetic rate and that this disharmony would lead to forced return to subsistence-level conditions.
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Which of the following is true regarding the required reserve ratio?
A) The ratio determines the legally required amount of reserves a bank must hold. B) The ratio determines the amount of excess reserves a bank must hold. C) The ratio is only enforced against banks that are operating in a risky manner. D) None of the above answers is correct.
Refer to Table 25-1. Suppose a transaction changes a bank's balance sheet as indicated in the T-account, and the required reserve ratio is 10 percent. As a result of the transaction, the bank has excess reserves of
A) $0. B) $400. C) $3,600. D) $4,000. Table 25-2 Assets Liabilities Reserves +$8,000 Deposits + $8,000