Giving presents at Christmas does NOT generate a deadweight loss if
A) all gift are money.
B) everybody gets exactly what they want.
C) nobody can be made better off by returning the gift and purchasing a different one.
D) All of the above.
D
Economics
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For those workers who are given fringe benefits such as health insurance and pensions, the additional income this amounts to over and above the average hourly wage can be as much as (for some workers)
a. 10-12% b. 30-40% c. 51-62%% d. 70% or more
Economics
Suppose a bank has $3 million in excess reserves and total reserves of $10 million. A required reserve ratio of 10% is applicable to all deposits at the bank. What is the total amount of deposits at the bank?
a. $70 million b. $40 million c. $10 million d. $30 million e. $100 million
Economics