What are Eurobanks and how are they different from domestic banks?
What will be an ideal response?
Eurobanks accept deposits and make loans in many different currencies. They differ in that they have very little regulation and so are more efficient than domestic banks.
Economics
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A monopoly firm is the only seller of a good or service that
A) has a perfectly elastic demand. B) has no close complements. C) does not need to be advertised. D) does not have a close substitute.
Economics
Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. What are the opportunity costs of producing 1 orange for Alpha and Beta, respectively?
a. 0.25 apples; 0.5 apples b. 9 apples; 4 apples c. 0.5 apples; 0.25 apples d. 2 apples; 4 apples
Economics