Assume a simplified banking system in which all banks are subject to a uniform reserve requirement of 20 percent and checkable deposits are the only form of money. A bank that received a new checkable deposit of $10,000 would be able to extend new loans up to a maximum of:

An indirect tax is exemplified by

A) an income tax. B) a sales tax. C) a subsidy. D) None of the above answers is correct.

In general, the:

A. number of firms in the industry is far more important than the industry's scientific character and extent of technological opportunities. B. greater an industry's concentration ratio, the higher are its R&D expenditures in relation to sales. C. industry's scientific character and extent of technological opportunities often are more important than the industry's concentration ratio. D. higher the industry's interest cost of borrowing funds for R&D, the greater is the industry's progressiveness.