If Sam Sneed desires a loan from the Marshall National Bank but the bank only has its legally required reserves on hand, then
a. Sam must go to another bank for his loan
b. the Marshall National Bank can borrow directly from a state-chartered bank
c. the Marshall National Bank cannot grant the loan because it is state chartered
d. the Marshall National Bank can reduce its reserves
e. the Marshall National Bank can borrow from its district Federal Reserve Bank
E
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Limiting protectionism means
A) reducing political dishonesty. B) reducing consumer fraud. C) reducing trade barriers. D) reducing corruption.
Drawing conclusions from international comparisons of GDP are difficult to assess because
A) GDP is understated in poorer countries because much of the work that people do is not provided in markets. B) GDP cannot be adequately evaluated as a measure of people's welfare or well-being. C) without adjusting for purchasing power parity, GDP comparisons might very well be meaningless. D) all the above reasons hold true.