The consensus among researchers is that union workers earn 15 percent more than otherwise identical nonunion workers. This means unions have probably raised wages
A. exactly 15 percent.
B. less than 15 percent.
C. at least 15 percent.
D. more or less than 15 percent, but one cannot tell exactly.
Answer: C
Economics
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If a bank has excess reserves of $4,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 10 percent, then the bank has actual reserves of
A) $14,000. B) $19,000. C) $24,000. D) $29,000.
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If depreciation exceeds gross investment,
A. The difference between GDP and NDP is smaller than gross investment. B. The nation's capital stock is decreasing. C. The nations capital stock is increasing. D. Net investment exceeds depreciation.
Economics