The type of banking system under which banks are required to hold only a portion of their assets in reserve against the checking deposits of their customers is called

When using pollution charges to improve efficiency in a market with an external cost, regulators attempt to set the pollution charge equal to the

A) marginal social cost of production. B) marginal external cost of production. C) marginal private cost of production. D) marginal private benefit of consumption. E) marginal external benefit minus the marginal external cost.

The United States can be called a net debtor nation. This means that

A) the value of U.S. assets held abroad is worth less than the value of foreign assets held in the U.S. B) the U.S. government owes more money than it takes in. C) the value of the U.S. currency is less than the value of currencies for our main trading partners. D) the U.S. manufactures more goods abroad than it manufactures domestically.