The ILO approach to combating child labor stresses

(a) encouraging parents to migrate to the cities in search of work.
(b) banning child labor.
(c) tackling the sources of poverty.
(d) all of the above.

B

Economics

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Assume that the reserve requirement is 20 percent. First National Bank has vault cash and deposits with the Fed of $80 million, loans and securities of $320 million, and demand deposits of $400 million. First National:

a. could extend a maximum of $40 million of additional loans. b. could extend a maximum of $20 million of additional loans. c. could extend a maximum of $10 million of additional loans. d. is not in a position to extend additional loans.

Economics

If the cost of transportation increases by 20 percent, then, other things the same, the CPI is likely to increase by about

a. 0.3 percent. b. 1.6 percent. c. 3.2 percent. d. 10 percent.

Economics