If total deposits at Last Bank and Trust are $100 million, total loans are $70 million, and excess reserves are $20 million, then which of the following is the required reserve ratio?

Subsidizing education can lead an efficient level of production because education has external benefits

Indicate whether the statement is true or false

The typical firm in many industries has become ________ over the past 100 years, and efficiently organizing production has become ________

A) larger; easier B) larger; more difficult C) smaller; easier D) smaller; more difficult