Currently in the United States, banks count as their reserves
A) only the currency in their vault.
B) the currency in their vault plus their holding of Treasury securities.
C) only their holding of Treasury securities.
D) their liabilities against which they pay no interest.
E) the currency in their vault plus their deposits at the Federal Reserve.
E
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When the price of the same product varies by locational attributes, it is an example of:
A) predatory pricing. B) first-degree price discrimination. C) second-degree price discrimination. D) third-degree price discrimination.
Why would a firm knowingly hire lazy employees?
A) Lazy employees have positive marginal revenue product. B) Lazy employees have successfully sued firms in the past. C) The Americans with Disabilities Act mandates that laziness be considered a disability. D) Lazy employees make hard-working employees look good.