If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be

The ability of a firm to charge a price greater than marginal cost is called

A) market power. B) monopoly power. C) price-making power. D) cost-plus pricing.

If a country can, with a single unit of labor, produce more of both clothing and computers than another country, then the first country has

A. a comparative advantage in both goods. B. an absolute advantage in both goods. C. an absolute advantage in one good and a comparative advantage in the other. D. both a comparative and absolute advantage in both goods.