The more excess reserves banks choose to keep,
A) the larger the deposit multiplier. B) the smaller the deposit multiplier.
C) the lower the required reserve ratio. D) the higher the required reserve ratio.
B
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The HPV vaccine protects against human papillomavirus (HPV) that causes cancer. It protects both the person getting the vaccine and the sexual partners of that person
To encourage the efficient number of people to be vaccinated the government could A) give producers a subsidy equal to the private marginal benefit. B) give consumers a voucher equal to the marginal external benefit. C) impose a tax equal to the marginal social benefit. D) impose a tax equal to the marginal external benefit.
Which of the following may lead to diseconomies of scale?
a. Specialization on the basis of comparative advantage b. Lack of coordination among the division heads c. Using larger and more efficient machineries d. Division of labor on the basis of capability e. Specialization of marketing, pricing, and research