In general, a bank that held excess reserves would earn lower profits as a result

In a franchising relationship

a. the franchisor is the principal b. the agent is the franchisor c. the franchisor is the agent d. the principal is the franchisee

If Country A has an absolute advantage over Country B in the production of every commodity:

A. mutual gains from trade between Country A and Country B would be impossible. B. Country B would be able to gain from trade but not country A. C. the joint output of the two countries could not be increased through specialization and exchange. D. mutual gains from trade would still be possible.