According to the survivor principle

A) firms will get taken over by their larger rivals over time.
B) only firms that maximize profits survive in highly competitive markets.
C) managers only work hard if they are threatened with their survival at the firm.
D) eventually all firms merge to become one large monopoly.

B

Economics

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The Fed has immense power and there are no limits to the extent to which it can effectively control the economy

Indicate whether the statement is true or false

Economics

Refer to the information provided in Scenario 25.2 below to answer the question(s) that follow.SCENARIO 25.2: The following table shows the changes in deposits, reserves, and loans of 4 banks as a result of a $100,000 initial deposit in Bank No. 1. Assume all banks are loaned up.Refer to Scenario 25.2. How much money will be created based on the initial $100,000 deposit?

A. $1 million B. $2 million C. $16.67 million D. $50 million

Economics