Regional Bank is subject to a 10 percent required-reserve ratio. If this bank received a new checkable deposit of $1,000 . it could make new loans of

Which of the following does NOT describe an advantage of experiments?

A. With experiments, it is easier to determine whether people's choices are consistent with standard economic theory. B. With experiments, it is often easier to establish causality. C. With experiments, researchers can double check their assumptions and conclusions by testing and debriefing subjects. D. It is generally cheaper to conduct experiments than it is to compute mathematical models.

Which of the following is least likely to be a normal good?

A. Steak. B. A house. C. Bologna. D. Airline travel.