Which of the following is true for a constant cost industry?
a. It uses a relatively large share of available resource inputs
b. It uses a relatively small share of available resource inputs.
c. Industry expansion will put upward pressure on wages and/or other input prices.
d. Both a. and c.
b
Economics
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Suppose the banking system currently has 300 billion in reserves that the reserve requirement is 10%, and that $3 billion of the reserves are excess reserves that will not be lent out. What is the value of deposits?
A. $3300 billion B. $2970 billion C. $2673 billion
Economics
The bulk of exports from non-industrial countries are
a. manufactured goods b. primary products c. agricultural goods d. natural resources e. raw sugar products
Economics