Refer to Table 9-5. The required reserve ratio is 10%. What is the amount of Bolton Bank's excess reserves?

Private property rights are easily assigned to open-access resources

a. True b. False

GDP tends to overstate economic well-being because it takes into account:

A. All of the illegal activities conducted by organized crime in the economy B. Spending on intermediate goods that are used to produce final goods C. Total spending to deal with the adverse health effects of some products D. The personal labor time that car owners spend working on car repairs and maintenance of their vehicles